- Q3 2023 Compania Cervecerias Unidas SA Earnings Call TranscriptNov 09, 2023$11.8 (-2.48%)Earnings
- Q2 2023 Compania Cervecerias Unidas SA Earnings Call TranscriptAug 10, 2023$15.98 (+0.76%)Earnings
- Q4 2022 Compania Cervecerias Unidas SA Earnings Call TranscriptMar 01, 2023$15.51 (+2.17%)Earnings
- Q3 2022 Compania Cervecerias Unidas SA Earnings Call TranscriptNov 09, 2022$10.99 (-3.85%)Earnings
- Q4 2021 Compania Cervecerias Unidas SA Earnings Call TranscriptFeb 24, 2022$16.54 (-3.50%)Earnings
- Q2 2021 Compania Cervecerias Unidas SA Earnings Call TranscriptAug 06, 2021$20.76 (-1.00%)Earnings
- Q1 2021 Compania Cervecerias Unidas SA Earnings Call TranscriptMay 06, 2021$19.17 (+2.68%)Earnings
- Q4 2019 Compania Cervecerias Unidas SA Earnings Call TranscriptFeb 27, 2020$16.14 (-0.37%)Earnings
- Q2 2019 Compania Cervecerias Unidas SA Earnings Call TranscriptAug 09, 2019$26.79 (-1.80%)Earnings
- Q1 2019 Compania Cervecerias Unidas SA Earnings Call TranscriptMay 10, 2019$26.71 (+1.17%)Earnings
- Q4 2018 Compania Cervecerias Unidas SA Earnings Call TranscriptFeb 28, 2019$28.72 (-0.03%)Earnings
Q1 2019 Compania Cervecerias Unidas SA Earnings Call Transcript
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Gross margin decreased by 228 basis points mainly due to the higher U.S. dollar-denominated costs from the weaker Chilean peso and the lower average prices. MSD&A expenses as a percentage of net sales deteriorated by 73 basis points, mostly explained by the effect of higher fuel prices on our distribution costs. As a result, EBITDA decreased 8% and EBITDA margin deteriorated by 320 basis points from 28.2% to 25%. Excluding the negative effect from the depreciation of the Chilean peso against the U.S. dollar, EBITDA would have increased 1.5%.
The International Business segment -- Operating segment, which includes Argentina, Bolivia, Paraguay and Uruguay, reported volumes that rose 12%. Excluding Bolivia, volumes grew 5%. Net sales decreased by 7.6%, explained by the lower average prices in Chilean pesos due to the impact of the 96.7% depreciation of the Argentine pesos against the Chilean peso. Gross margin contracted from 60.6%
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