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yesterday

AB InBev Shares Slide as Q2 Volumes Drop 1.9%

The brewer posted a 3% organic revenue increase to $15 billion driven by a U.S. sales rebound.

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A rack of non-alcoholic Jupiler beer bottles is seen at the headquarters of Anheuser-Busch InBev in Leuven, Belgium March 1, 2018. REUTERS/Francois Lenoir/ File Photo
Cans of Budweiser beer are displayed on a supermarket shelf in Shanghai, China February 24, 2022. REUTERS/Aly Song/ File Photo

Overview

  • AB InBev reported a 1.9% drop in global beer volumes in Q2, surpassing analysts’ expected 0.3% decline.
  • Shares fell almost 11% on Thursday after the brewer disclosed the steeper volume contraction.
  • Operating profit climbed 6.5%, outpacing analysts’ 5.7% forecast.
  • Organic revenues increased 3% to $15 billion thanks to a rebound in U.S. sales.
  • Volumes slid 7.4% in China and 6.5% in Brazil, with the company acknowledging it was underperforming those markets.