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Anheuser-Busch InBev (BUD) reported higher second-quarter sales and profit Thursday, despite lower total volume of its iconic beer brands.
BRUSSELS--(BUSINESS WIRE)--Anheuser-Busch InBev (Brussel:ABI) (BMV:ANB) (JSE:ANH) (NYSE:BUD): Regulated information1 “Our global momentum continued this quarter. The strength of our diversified footprint and consumer demand for our megabrands delivered another quarter of broad-based top- and bottom-line growth. EBITDA grew by double-digits and the continued optimization of our business drove a 25% increase in Underlying EPS. We are encouraged with our performance in the first half of the year a.
Bud Light, America's former No. 1 beer, keeps losing ground following a conservative backlash last year.
AB InBev's (BUD) Q2 results are expected to reflect strong demand for its brand portfolio, pricing actions, premiumization and revenue management initiatives, offset by higher costs.
When your reputation is in tatters, being able to pull your company up out of the ashes takes a Herculean effort. Certainlyit is not easy.
Anheuser-Busch InBev-owned lager has seen its luster fade following the boycott over its Dylan Mulvaney ad partnership.
Bud Light fell to third place in U.S. beer sales as Michelob Ultra took its place behind the top-selling Modelo, reinforcing the impact of the 2023 Bud Light boycott, which toppled the brand from its No. 1 spot.
AB InBev (BUD) is on track with its premiumization efforts, digital expansion, Beyond Beer strategy and other revenue-management initiatives. These position it for long-term growth.
CNBC's Brandon Gomez reports on new laws that could boost booze sales.
Consumer staples stocks have been frustrating many investors in 2024. The year started with optimism that consumer spending was about to be unleashed due to interest rate cuts.