Anheuser-Busch InBev SA (NYSE:BUD) shares rose Tuesday after the brewer reported first-quarter results that exceeded Wall Street expectations, supported by steady demand, premiumization, and pricing gains across key markets.
AB InBev’s portfolio includes Budweiser, Bud Light, Michelob, Natural Light, and Busch, plus global brands like Stella Artois and Corona, craft labels like Goose Island, and beverages such as hard seltzers and canned cocktails.
Details
The company posted adjusted earnings of 97 cents per share, topping the analyst consensus estimate of 89 cents.
Quarterly revenue increased 5.8% year over year to $15.267 billion, ahead of the Street estimate of $14.764 billion.
Reported revenue rose 12%, aided by favorable currency translation. Growth was driven by revenue management …
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