China

AB InBev’s Shares Fall As Q3 Miss Overshadows $2bln Buyback

AB InBev reported third-quarter profits, revenues and volumes behind forecasts on Thursday, sending its shares down almost 4%.

Carlsberg is shifting some of its marketing focus as consumers opted for cheaper beer, but maintained its full-year earnings forecast.

Mondelēz International beat third-quarter revenue and profit estimates on Tuesday on a rebound in demand and higher prices.

L’Oréal has reported a rise in third quarter sales that missed expectations due to low consumer confidence in China.

Kleenex tissue maker Kimberly-Clark cut its full-year organic net sales forecast after missing Wall Street estimates for Q3 sales on Tuesday.

Carlsberg lifted its forecast for full-year operating profit growth on Tuesday despite posting weaker-than-expected sales for Q2.

L’Oréal has reported a 5.3% rise in second-quarter sales, below expectations and rattling investors already worried about the Chinese market.

Heineken has reported a 12.5% rise in half-year operating profit, missing out in an expected boost from sporting events.

ABOUT US

Get the app today!