Our global brands of Budweiser, Stella Artois and Beck's grew collectively by 2% in the quarter. Global Budweiser trends remain strong. Volume is growing by 5.2% in the quarter and 6.2% year-to-date. Budweiser brand health in the U.S. continues to improve, and we saw a strong performance, as in most of our key markets around the world. This includes a double-digit volume growth in China and Russia; solid execution behind the FA Cup sponsorship in the U.K., which helped the brand to gain share in the first half; and a good reception for the brand when it was launched in Ukraine in April. In Brazil, Budweiser continues to exceed expectations after its launch in August last year and has played an important role in our premium brand portfolio strategy.Stella Artois global volumes came under pressure in the first quarter, declining by 3.5% due to weak weather-driven U.K. industry and competitive off-trade pressure as well as softer shipments in the U.S. due to the shipping pattern adjustments I mentioned earlier. However, the underlying performance in the U.S. continues to be strong, with STRs growing by 18% in the quarter. We also saw volume growth in Argentina, Brazil and Russia. We continue to see good growth from Stella Artois Cidre in the U.K., up 20% in the quarter. Beck's volumes declined in the quarter as a result of a weak German industry, though we grew share in that market.
Anheuser-Busch InBev SA/NV Management Discusses Q2 2012 Results - Earnings Call Transcript
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