Santiago Petri's questions to UNITED BREWERIES CO INC (CCU) leadership • Q1 2024
Question
Santiago Petri requested clarification on the competitive beer environment in Chile, pointing out that CCU reported stable market share with lower volumes while a competitor reported higher volumes.
Answer
Chief Financial Officer Felipe Dubernet clarified that CCU's overall beverage market share was stable, with a marginal gain. However, within the alcoholic categories specifically, there was a marginal, non-significant loss of market share. He attributed this discrepancy entirely to heavy promotional activity from the competition and expressed confidence in CCU's outstanding brand health indicators.