The Q1 results confirm the bearish trend from FY2025. Watch for further currency headwinds in Argentina and Bolivia and any guidance revisions.
Price Chart
Executive Summary
CCU reported Q1 2026 results with flat revenue (+0.2% YoY) but a 6.8% decline in net income attributable to equity holders (CLP 53.9 billion vs CLP 57.8 billion), confirming the deteriorating trend flagged in the 20-F annual report. The Chile segment showed operating income growth (+21.3%) but International Business (-30.6%) and Wine (-93.5%) segments weakened materially.
Key Facts
- Net sales flat YoY at CLP 819.5 billion (+0.2%)
- Net income attributable to parent fell 6.8% to CLP 53.9 billion
- EPS dropped to CLP 145.75 from CLP 156.37 (-6.8%)
- Chile segment operating result +21.3%, International Business -30.6%, Wine -93.5%
- Prior 20-F reported 27% net income decline for FY2025 and dividend cut
Financial Impact
Net income decline of 6.8% YoY in Q1 2026, following a 27% decline in FY2025
Risk Factors
- Continued weakness in International and Wine segments
- Currency risks in Argentina (hyperinflation) and Bolivia (lack of exchangeability)
- Antitrust litigation in Chile
- No revenue growth to offset cost pressures
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-002879 |
| Document: 0001292814-26-002879-index-headers.html | 0001292814-26-002879 |
| Document: 0001292814-26-002879-index.html | 0001292814-26-002879 |
| Document: 0001292814-26-002879.txt | 0001292814-26-002879 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 11w ago | 6-K | $11.69 | awaiting T+60 | — | $10.67 (−8.73%) |
Jun 5, 2026 20w ago | 6-K | $10.92 | awaiting T+60 | — | $10.67 (−2.29%) |
May 29, 2026 21w ago | 6-K | $11.73 $12.56 | ▲ +7.08% | ▲ +5.84% | $10.67 (−9.04%) |
May 7, 2026 24w ago | 6-K | $11.94 $11.66 | ▲ +2.35% | ▲ +7.18% | $10.67 (+10.64%) |
Apr 29, 2026 25w ago | 20-F | $11.43 $11.90 | ▼ −4.11% | ▼ −1.00% | $10.67 (+6.65%) |
US Market Status
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