Dive Brief:
- SABMiller posted a 6% rise in global revenue in its fiscal first quarter, topping the 4.6% forecast by analysts, driven largely by sales of more expensive brews.
- Global sales volume rose 3%, boosted by sales in Europe, Africa, and Asia.
- In North America, revenue climbed 3%, lifted by sales of Redd's, the company's new life of fruit-based ales.
Dive Insight:
The most interesting thing about SABMiller's most recent earnings is that it is largely free of the currency drama of the previous quarter. In May, the world's second-largest brewer said currency swings would continue to cause problems throughout the year and would knock some $400 million off Ebitda.