The beer giant reported revenue of $15.33 billion, lower than the $15.49 billion expected. Margin recovery drove a 10.2% growth in EBITDA, more than the 9.24% growth Wall Street expected, based on Bloomberg Consensus data.Volume growth is still lagging, down 0.8% year over year, dragged lower by sales in the US and China.
In the four-week period ending July 6, 2024, Bud Light sales are down 18.6% from a year ago, whereas Miller Lite is down 0.1%, Coors Banquet is up 16.3%, and Coors Light grew 2.3%, according to data from Bump Williams Consulting and NielsenIQ.Its other brands, Michelob Ultra and Busch Light, helped offset its losses from Bud Light. Overall, its beer market share is now "flattish" per the release. Its ready-to-drink canned cocktails segment had volume growth in the high teens in the US.
The fire resistant tapes market is growing owing to security guidelines becoming stringent and people becoming more conscious of fire safety.New York, USA, Aug. 01, 2024 -- Market Overview: The fire resistant tapes market was estimated at USD 808.47 million in 2023. The market valuation is expected to be USD 1,339.44 million by 2032, registering a staggering CAGR of 5.8% during the forecast period of 2024-2032.
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