SAB Miller is the latest drinks company to report a slump in China, as the downturn starts affecting beer rather than just spirits.
Drinks giant Pernod Ricard today revealed a double-digit decline in net profit in its full-year results fuelled by a 23% drop in sales in China.
Slowed growth in China has hit Pernod Ricard as the company reported a slight sales decline for the first quarter of 2013/14.
Beer sales in the UK have fallen in the second quarter of 2013, according to the British Beer & Pub Association (BBPA), although many brewers have seen a recent hot weather boost.
Doom Bar beer from Sharp’s Brewery has become the number one cask beer in the UK, in both volume and value according to data from CGA Strategy.
Beer sales in Germany have mirrored the slump in the UK, after falling to a 20-year low following a “long cold winter” which slowed consumption.
UK beer sales in pubs were down almost 50 million pints in the first quarter of 2013, according to new figures released by the British Beer & Pub Association.
French drinks company Pernod Ricard has reported a 2.4% sales increase in the third quarter of its 2012/13 financial year.
According to new figures Britain’s pubs are selling one billion fewer pints each year than they were four years ago.
Newly released figures show a boost in UK pub beer sales during the Euro 2012 football tournament – but only during the England games.
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