AB InBev profits rise despite ongoing hit from Bud Light boycott in U.S.
Publishing timestamp: 2024-02-29 04:07:51
Summary
Anheuser-Busch InBev slightly missed analyst expectations for annual revenue and profit, but beat in the fourth quarter. The company grew revenue by raising prices despite an overall sales decline, with the impact of a social media-led boycott of Bud Light in the U.S. being evident. The company's stock dipped slightly in early Thursday trade, but fourth-quarter sales exceeded expectations. Despite challenges in the U.S., the company saw growth in China due to the performance of premium products.
Sentiment: MIXED
Tickers: ABI-BE,
Keywords: business news, breaking news: markets, markets, anheuser-busch inbev sa,