Overview
- Investors pushed the stock up about 6%–7% Tuesday after AB InBev beat first‑quarter revenue and earnings estimates.
- Total volumes rose 0.8% and beer volumes grew 1.2%, with record first‑quarter beer sales in Mexico, Colombia, Brazil, South Africa and Peru.
- Performance was uneven by region as North America stayed soft, China volumes fell about 1.5%, and Europe grew at a low single‑digit pace led by Corona.
- No‑alcohol revenue jumped 27% and the Beyond Beer range grew 37%, while megabrand sales increased about 8% as the brewer leaned into premium labels.
- The company kept its 2026 EBITDA growth target at 4%–8% and flagged the FIFA World Cup as a likely sales catalyst after a quarter that also saw BEES marketplace third‑party sales rise 55% to $1.1 billion.