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The Bud Light boycott is becoming less of a problem for the world's largest brewer.
AB InBev, the brand behind Budweiser and Corona beers, reported their Q1 2024 financial results today. Comparatively, year-on-year, the company saw less revenue growth year-on-year than in 2023, but underlying profits increased.
Analysts at Barclays said the company had passed its hardest quarter "with little to no bruises."
Anheuser-Busch InBev reported stronger-than-forecast first-quarter profits in what was the final period where the consumer boycott of Bud Light will impact growth.
AB InBev's (BUD) Q1 performance is expected to have gained from strong consumer demand for its brands, pricing actions, ongoing premiumization and other revenue management initiatives.
When a conservative-led boycott hit Bud Light's sales last year, light-beer rival Molson Coors Beverage Co. was among the brewers whose sales increased. But it appears those gains are quickly coming to an end, Citi analysts said Wednesday.
There's a proverb that states idle hands are the devil's workshop, which makes sin stocks so compelling. Humans engage in certain practices, whether that involves imbibing or gambling as a means to let off some steam.
The economy is the doldrums, but interest rate cuts are on the horizon, notes Michael Field. He discusses what ECB's latest rate pause means for investors.
The Beverages - Alcohol industry has been in troubled waters due to adverse trends like inflation, higher input and packaging costs, and elevated marketing expenses. Persistent innovation, premiumization and innovation place players like BUD, DEO, STZ, BF.B and TAP in a favorable spot.
When economic circumstances become challenging, it's time to get an edge, which brings us to sin stocks to buy. Yes, the sector dives into controversial arenas.