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AB InBev beats expectations with more beer, higher prices
2022.05.05 08:31
FILE PHOTO: Packs of Bud beer are displayed for sale at a Metro cash and carry store in Kiev, Ukraine, August 17, 2016. REUTERS/Valentyn Ogirenko
BRUSSELS (Reuters) – Anheuser-Busch InBev reported higher than expected earnings in the first quarter on Thursday, as consumers bought more of its beer and accepted higher prices.
The world’s largest brewer said revenue grew 11.1% in the Jan-March period, while core profit (EBITDA) was up 7.4% at $4.49 billion. Both increases exceeded forecasts for rises of 7.6% and 4.6%, respectively, in a company-compiled poll.
