Budweiser Brewing Group reports "significant off-trade growth" for its iconic brands
ABInbev released its second quarter results statement today and said the first half of the year tested the company in many ways but it is now “well-positioned for a strong recovery”.
It said its overall global business suffered a sharp slide in earnings in the second quarter but it is encouraged by signs of recovery from June onwards.
The brewer said its UK business – under the Budweiser Brewing Group – grew in market share.
Paula Lindenberg, president, Budweiser Brewing Group UK&I, said: “During this period, which saw the UK began to ease some lockdown restrictions and adapt to a new normal, Budweiser Brewing Group continued to support our employees, customers and communities, whilst working with our partners and the industry to support a safe re-opening of the hospitality sector.
“In the second quarter, our UK business grew in market share to become the largest brewer by volume year-to-date, showcasing the strength of our brand portfolio.
“Our iconic brands, including Budweiser, Stella Artois, Corona and Bud Light performed strongly this quarter, seeing significant growth in the off-trade.
“In second quarter, Stella Artois and Budweiser were the number one and number two most valuable beer brands in the off-trade, and Corona was the number one most valuable World Beer brand in UK Grocers.
“We also continued to meet the demand for no and low-alcohol options, which grew in value and volume as many Brits continued to moderate drinking during this period. We expanded our portfolio with the launch of two new alcohol-free beers: Budweiser Zero and the award-winning Stella Artois Alcohol-Free.
“In addition to favourites like Beck’s Blue and Bud Light, we offer people choice in how they can moderate alcohol intake without having to sacrifice on the taste of their favourite beers.
“Our growth reflects the strength of our portfolio of brands. People are choosing the brands they know and love, and we’re proud that the quality of our beer portfolio and our iconic brands meet the demands of Britain’s beer drinkers today.”