Brewer AB InBev softens third-quarter miss with share buyback, guidance raise
Publishing timestamp: 2024-10-31 06:54:29
Summary
Anheuser-Busch InBev reported lower than expected profits, revenues, and volumes for the third quarter, but raised its full-year guidance and announced a $2 billion share buyback. The company sold less beer in key markets like the United States, Mexico, and China. CEO Michel Doukeris expressed confidence in the company's ability to deliver and now expects full-year organic core profit growth of between 6% and 8%.
Sentiment: MIXED
Tickers: ABI-BE,
Keywords: anheuser-busch inbev sa, united states, china, business news, london, ab inbev drn, earnings, mexico,
Source: https://www.cnbc.com/2024/10/31/brewer-ab-inbev-softens-third-quarter-miss-with-share-buyback.html