Overview
- AB InBev, which reported results Tuesday, beat expectations with revenue of $15.27 billion and adjusted earnings per share of $0.97.
- Total organic volumes rose 0.8% and beer volumes climbed 1.2%, helped by record sales in Mexico, Colombia, Brazil, South Africa and Peru.
- Shares jumped about 7% after the release, with the company maintaining full-year EBITDA growth guidance of 4% to 8%.
- No-alcohol beer revenue grew 27% while the Beyond Beer lineup rose 37%, lifting revenue per hectolitre by 4.4%.
- Leaders highlighted the June FIFA World Cup as a likely boost for demand, while noting uneven trends with North America still weaker year over year.