Higher selling prices and cost-cutting measures helped beer giant Anheuser-Busch InBev’s earnings rise 10.5% to $4.66B to beat expectations. Revenue increased 3% to $11.73B, but expectations were of $11.86B.
Anheuser-Busch InBev is the maker of Budweiser, Beck’s, and Stella Artois, and recently added Corona to its list of taps when it bought Grupo Modelo. Last week i wrote that AB InBev is the third best beer company, and this earnings report solidified that ranking. The company sold more than 1 out of ever 5 beers consumed worldwide last year.
Beer sales slipped in Brazil 5% and slightly in the United States, although domestic profit margins increased due to new products Bud Light Lime and Straw-Ber-Rita. It’s Friday, so I’m going to say there is a 70% chance you’re going to be drinking an AB InBev product at some point over the next 72 hours. For me, that probability is closer to 100%.