SAB released 9M 2021 results, in which revenue and NPAT-MI plunged 14% YoY and 27% YoY, respectively. In Q3 2021 alone, revenue and NPAT-MI nosedived 47% YoY and 68% YoY, respectively, as strict social distancing measures — including an extensive shutdown of the on-trade channel (e.g., restaurants) — hurt domestic beer consumption. We note that SAB’s key competitor reported an even deeper sales volume slump YoY in Q3 2021 compared to SAB.  

Powered by Froala Editor