AGP Executive Report
Last update: 12 hours agoEarnings & Growth: AB InBev posted record third-quarter sales volumes in South Africa, though higher costs squeezed beer margins. Reliance Consumer Products revenue jumped 60% to ₹8,266 crore, driven by Campa and Independence, while Varun Beverages reported a 13.5% rise in quarterly net profit. Coffee & Expansion: Starbucks’ comparable-sales growth came from higher average spending, and CEO Brian Niccol sees room to double its international store base and add 5,000 North American outlets. Alcohol Outlook: UK budget tax increases — 3p a pint and 18p a bottle of wine — drew sharp criticism from wine and spirits groups, with Scotch whisky producers warning of a major hit. Changing Demand: Heineken says weight-loss drugs could weigh on beer sales, prompting calls for pubs to promote non-alcoholic options. Global Trade: Hong Kong secured a five-year deal to host Vinexpo Asia, strengthening its bid to become a hub for wine and spirits trade.
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