Carlsberg CEO notes changing beer habits amid cost pressures
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Expenditure prints divide the beer drinking habits and make the appearance further blurred for beer producers who have already struggled with decreasing sales volumes.
The smokers are increasingly jumping more popular core beer brands and instead choosing premium or economic alternatives, Danish Brewer Carlsberg On Thursday, Beermamacers said that they faced wider pressures in the beverage industry.
CEO Aarup-Andersen told CNBC’s “Squawk Box Europe” on Thursday, “We see a constant atkaling in terms of preferences.”
“People are looking for either the premium brand or the economic brand.
Beerma manufacturers are fighting several neighborhoods of declining volume growth, as consumers have pushed back to higher prices and turned to alternatives.
Carlsberg, the world’s third largest beer manufacturer, was the last person to report the second quarter volume growth on Thursday. Even if the organic volumes fell 1.7% in the three -month period, including the last loss of the San Miguel brand, and the demand for premium and non -alcoholic products has increased.
Coming after Budweiser production AB InbevThe world’s largest beer manufacturer has decreased by 1.9% annually in the second quarter volumes last month. HeinekenDuring the serum, volumes fell by 0.4%.
“Global consumer is experiencing some spending pause… So volumes do not flow the way they did a few years ago.”
Michel Doekeris, CEO of EU Inbev, said that last month, the company’s ongoing income and business profit growth pointed to the “flexibility of the beer category” and that heineken’s CEO Dolf van dey Brink showed flexibility in the geographical footprint.
Drinking habits
Beerma manufacturers, especially in the beverage industry, especially Spirit consumption and ongoing US Tariff titles.
Typically, beer manufacturers based on local production are less pressure to carry production states, even if they encounter higher aluminum taxes in beer boxes.
Nevertheless, wider macroeconomic winds threaten to harm drinking habits and wider consumer expenditures.
Carlsberg’s CEO said on Thursday that the group’s basic brands, including Tuborg and Kronenbourg’s name, were shot by a “retreating consumer”.
He said that these economic head winds did not expect to disperse this year, but that he was willing to spend selectively spending in high -level treatment products among consumers.
“Our growth categories are actually growing, while the basic beer going backwards,” he said.
In the meantime, CEO, a pint price hikes in the bars and restaurants less delicious, since consumption gained more ground, he added.
“What we see in a series of quarters is that the bars and restaurants are currently suffering at the moment.” He said.
“He earns at the expense of non-trade-sipermarkets and retail-commerce. It was not dramatic but was a sliding scale.”
