Compania Cervecerias Unidas Q1 Earnings Call Highlights

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Sat, May 9, 2026 astatine 12:12 PM CDT 7 min read

Compania Cervecerias Unidas logo

Compania Cervecerias Unidas logo

Key Points

Compania Cervecerias Unidas (NYSE:CCU) began 2026 with beardown results successful its Chile business, but softness successful Argentina and a crisp downturn successful vino weighed connected consolidated performance, Chief Financial Officer Felipe Dubernet said connected the company’s first-quarter net call.

Dubernet said consolidated EBITDA was fundamentally flat, rising 0.1% from the anterior year. The effect reflected a 13.7% summation successful EBITDA successful Chile, which was offset by declines of 18.6% successful the planetary concern conception and 50.1% successful the vino segment.

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Consolidated nett income roseate 0.2%, arsenic a 1.8% summation successful volumes was astir offset by a 1.5% alteration successful mean prices successful Chilean pesos. Dubernet said the little mean prices were chiefly owed to a antagonistic currency translation effect successful Argentina pursuing a 28.7% depreciation of the Argentine peso against the U.S. dollar, partially offset by gross absorption initiatives.

Gross nett accrued 1.4%, portion gross borderline improved 55 ground points, driven by little nonstop costs and efficiencies. MSD&A expenses were astir level successful Chilean pesos, though they roseate 23 ground points arsenic a percent of nett sales. EBITDA borderline remained unchangeable astatine 16.1%. Net income fell 6.8% from the anterior year.

Chile Drives First-Quarter Growth

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CCU’s Chile segment, its largest operating business, posted 3.9% top-line growth, driven by a 3.9% summation successful volumes. Average prices were flat, which Dubernet attributed to portfolio mix, peculiarly maturation successful non-alcoholic products specified arsenic water.

Non-alcoholic categories grew astatine a high-single-digit rate, portion alcoholic products, which see brew and spirits successful the Chile segment, declined by debased azygous digits. Dubernet said flavored low-alcohol ready-to-drink products grew astatine a low-double-digit rate.

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