Beer giant AB InBev beats profit estimates, with Bud Light boycott set to ease one year on
Publishing timestamp: 2024-05-08 07:09:30
Summary
AB InBev, the world's biggest brewer, saw growth in revenue and profit in the first quarter despite a social media-led boycott of its Bud Light brand. The company's shares rose 4% after posting higher revenue and profit, narrowly beating analyst estimates. The boycott, which started in 2023, impacted sales but the company managed to escape relatively unscathed. The company's CEO remains optimistic for improvements throughout the year.
Sentiment: MIXED
Tickers: ABI-BE,
Keywords: business news, earnings, business, anheuser-busch inbev sa,