Compañía Cervecerías Unidas S.A. (CCU) Earnings Call Transcripts

Compañía Cervecerías Unidas S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Compañía Cervecerías Unidas S.A. (CCU) reported consolidated net sales growth of 0.2% year-over-year, driven by a 1.8% increase in volumes, although average prices fell by 1.5%. EBITDA remained flat at 0.1% growth, with a notable 13.7% increase in the Chile Operating segment, offset by declines in the International business and Wine segments. Management indicated a cautious outlook due to ongoing inflationary pressures and volatility in input costs, particularly in Argentina, while maintaining focus on revenue management and efficiency initiatives.

Reported metrics

Guidance from management

Management maintained a cautious outlook, emphasizing the need to navigate inflationary pressures and volatile input costs, particularly in Argentina. They are focused on efficiency and revenue management initiatives to offset these challenges.

What management said

No. No, because it has synergies, especially in the domestic market. And as I said, the export business will be growing its profitability and market share. Also consider that the wine business, particularly this year is very affected by cyclical wine cost. The last harvest was almost normal, let's say. However, this year, we have a particularly perfect storm, lower consumption globally, as I said, and particularly do...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the EBITDA margin expansion and the potential for further declines in the wine segment. There were also questions about the recovery of volumes in Argentina amidst ongoing inflationary pressures.

Main topics on the call

• Strong Performance in Chile — CCU's Chile Operating segment saw a 3.9% increase in net sales, attributed to higher volumes, particularly in nonalcoholic categories. Management noted, "Higher volumes were driven by high single-digit growth of nonalcoh...
• Challenges in Argentina — The International business segment experienced a 6.7% decline in net sales, primarily due to a 5.1% drop in average prices and a 1.7% contraction in volumes. Management stated, "We decreased our volumes in nonalcoholic, ...
• Decline in Wine Segment — The Wine Operating segment reported a 7.2% decrease in top line, with EBITDA down 50.1%. Management commented, "Wine consumption in the world... is declining," indicating a negative outlook for this segment.
• Cost Pressures and Margin Stability — Despite cost pressures, CCU managed to maintain an EBITDA margin of 16.1%. Management noted, "We have had a nice expansion in terms of EBITDA margin because we had overall better prices than last year in the categories w...

Read the full Compañía Cervecerías Unidas S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Compañía Cervecerías Unidas S.A. earnings call transcripts on record, spanning February 27, 2020 to August 5, 2026. Based on this history, Compañía Cervecerías Unidas S.A. reports semi-annually. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CCU

Exchange

SNSE

Country

CL

Sector

Consumer Staples

Industry

Beverages

Calls on record

19

First call

February 27, 2020

Most recent

August 5, 2026

Reporting cadence

semi-annually