Compañía Cervecerías Unidas First Quarter 2024 Earnings: EPS: CL$141 (vs CL$158 in 1Q 2023)

Compañía Cervecerías Unidas (SNSE:CCU) First Quarter 2024 Results

Key Financial Results

• Revenue: CL$746.0b (up 1.9% from 1Q 2023).
• Net income: CL$52.2b (down 11% from 1Q 2023).
• Profit margin: 7.0% (down from 8.0% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CL$141 (down from CL$158 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Compañía Cervecerías Unidas Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Beverage industry in South America.

Performance of the market in Chile.

The company's shares are up 2.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Compañía Cervecerías Unidas' balance sheet health.

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