Compania Cervecerias Unidas, S.A. (CCU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good day, everyone, and welcome to CCU's first quarter 2026 earnings conference call on the 7th of May, 2026. Please note that today's conference call is being recorded. I would now like to turn the line over to Mr. Claude Gibran-Heras, the head of investor relations. Please go ahead, sir. Welcome, and thank you for attending CCU's first quarter 2026 conference call. Today with me are Mr. Felipe Duvernet, Chief Financial Officer, Mr. Diego Munizaga, Financial Planning and Investor Relations Manager, and Mrs. Catalina Burgos, Senior Investor Relations Analyst. You have received a copy of the company's consolidated first quarter 2026 urging release. The call, as usual, will start by reviewing our overall results, and then we will move on to a Q&A session. Before we begin, please take note of the following statements. The statements that we will make in this call that relate to CCU future financial results are forward-looking statements which, of course, involve known and unknown risks and uncertainties that could cause actual performance or results to materially differ. These statements should be taken in conjunction with the additional information about risk, and uncertainties set forth in CCU's Annual Report and in Form 20F, recently filed with the U.S. Security and Exchange Commission, and for the Annual Report that's also available on the CMS and our website. It's now my pleasure to introduce our CFO, Mr. Felipe Duerme. Thank you, Claudio, and thank you all for joining the call today. We started the year 2026 with a strong set of results in Chile, our main operating segment, while we continue to face a soft consumption environment in Argentina and a particularly weak business context in the wine business. In terms of financial results, Consoli...