AB InBev's third-quarter revenue grew by 2.1% while analysts had expected a 3.45% growth.
Budweiser brewer Anheuser-Busch InBev posted sales volumes that fell by more than analysts had expected, dragged by a weak consumer backdrop in China and Argentina.
BUD's Q3 results are expected to reflect the benefits of premiumization efforts, its diverse brand portfolio, pricing strategies and revenue management plans.
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AB InBev continues to benefit from its strong brand portfolio, premiumization efforts, digital transformation and the Beyond Beer approach.
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Shares of some of the nation's biggest brewers have slipped so far this year — and the months ahead don't look a whole lot better amid shakier demand in the U.S. and abroad, TD Cowen analysts said Tuesday.
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AB InBev continues to be a strong company with great underlying economics and earnings power. Q2 results were fundamentally solid, with a 500bp margin boost and a $1.4 billion FCF increase thanks to improved revenue per HL. The brewer's premiumization strategy has driven said revenue per HL gains and operating margin improvements despite declining volumes.
Bud Light sales are never going to recover. And yet now is the time to buy shares of its brewer, Anheuser-Busch InBev, say analysts at Citi.
Following last year's controversy, which led to a wide-scale boycott of its products and subsequent declines in the price of its stocks, Bud Light beer manufacturer Anheuser-Busch InBev (NYSE: BUD) seems to be turning a new page, and analysts have updated their price targets for BUD shares.
Anheuser-Busch InBev stock (NYSE: BUD) has barely seen a 10% rise in value since early January 2023 – rising from levels of $58 then to $63 now – vs. an increase of 50% for the S&P 500 over this period.