AB InBev could raise the price of beer again - Finance

AB InBev could raise the price of beer again – Finance

The Belgian-Brazilian beer giant had already raised beer prices by around 8% in the first half.

The brewing group AB InBev could further increase the prices of its beer brands In the coming months. Its CEO Michel Doukeris opened the door to this possibility on Thursday during a conference call with analysts and investors after the publication of the company’s second quarter financial results.

The Belgian-Brazilian beer giant had already raised beer prices by around 8% in the first half. However, as inflation remains very high almost everywhere, current prices are lagging somewhat, Doukeris explained. It is therefore possible to proceed with an increase. In the past, the world’s largest brewer considered inflation in its prices.

The CEO, however, would not confirm that AB InBev would fully pass on the price increase. “We try to find a balance between consumer expectations, prices, our costs and the market environment,” he explained. The boss admitted that inflation was higher than initially expected. “But we have different ways of doing in the face of rising costs”, assured Mr. Doukeris, without going into details.

Brewery group AB InBev could raise prices for its beer brands further in the coming months. Its CEO Michel Doukeris opened the door to this possibility on Thursday during a conference call with analysts and investors after the publication of the company’s second quarter financial results. The Belgian-Brazilian beer giant had already raised beer prices by around 8% in the first half. However, as inflation remains very high almost everywhere, current prices are lagging somewhat, Doukeris explained. It is therefore possible to proceed with an increase. In the past, the world’s largest brewer factored inflation into its pricing. The CEO, however, would not confirm that AB InBev would fully pass on the price increase. “We try to find a balance between consumer expectations, prices, our costs and the market environment,” he explained. The boss admitted that inflation was higher than initially expected. “But we have different ways of coping with rising costs,” Doukeris assured, without going into details.

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