08-05-2025
Budweiser APAC Sees Continued Pinch From Weak China Demand
Budweiser Brewing Co APAC Ltd. 's first-quarter profit saw a continued slump, as the beer sector continued to be battered by weak consumer demand in China.
Net income for the quarter fell 18% to $234 million, roughly in line with the $234.6 million analyst estimate. China revenue declined by 12.7% with a high base and weaker geographic and channel mix, while double-digit Ebitda growth and margin expansion in South Korea helped offset ongoing challenges in the mainland.
