Budweiser Brewing Group UK & Ireland, part of Anheuser-Busch InBev (AB InBev), has reported that sales of Corona were up 11.7% as it increased its brand presence in the on-trade, while Stella Artois continued to grow year-on-year.
Its no and low-alcohol portfolio performed well, with Bud Light growing in value and volume and achieving double-digit growth in the on-trade. Meanwhile, its craft and speciality brands Goose Island IPA saw double-digit growth.
President Paula Lindenberg said, “We are focused on accelerating growth, especially in the super premium segment with Corona and Camden, making an impact in sustainable brewing by brewing all our beers with 100% renewable electricity, and working to create a nation of smart drinkers by enhancing our no and low-alcohol portfolio.”
AB InBev is forecasting first-quarter global earnings will drop 10% due to the coronavirus outbreak.