Thread: Coronavirus (OLD)
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Old 03-03-2020, 20:55   #113
nomadking
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Re: Coronavirus
Quote:
Originally Posted by Mr K View Post
Good news, the owners of Corona Beer have lost £132million in sales, so there might be some deals going down at the supermarket
https://metro.co.uk/2020/02/27/maker...irus-12312964/
The loss in sales referred to is in China.
Quote:
AB InBev estimates the earnings hit across China after seeing around £221 million of lost sales in the first two months of 2020 alone due to coronavirus – also known as Covid-19.
Profits were dropping before then.
Quote:
AB InBev also admitted its 2019 performance was ‘below our expectations’ as net profits slumped to £88 million in the final three months from £353 million a year earlier.
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