Tag: $Anheuser-Busch InBev

Bud Light owner stock rose on Thursday morning after the beer maker posted second-quarter profit above estimates.

Shares of Belgium’s AB InBev rose 5% Wednesday morning after the company posted higher revenue and profit in the first quarter, as analysts said it had escaped the drag from a year-long boycott of its Bud Light brand relatively unscathed.

Anheuser-Busch InBev shares were dropping early on Thursday. It was hit by news that tobacco company Altria Grou intends to sell down a significant portion of its holding in the Budweiser brewer.

Budweiser owner Anheuser-Busch InBev slightly missed analyst expectations for annual revenue and profit, though beat in the fourth quarter.

The world’s biggest brewer followed an industry trend of lower volumes and higher revenue on more expensive beer prices.

Bud Light’s parent company Anheuser-Busch InBev (BUD) is out with a new ad campaign highlighting the workers behind its products as sales continue to take a hit following its campaign with influencer Dylan Mulvaney earlier this year.

Modelo Especial has quietly overtaken Anheuser-Busch InBev’s Bud Light as the nation’s top-selling beer, punctuating the impact of a boycott that followed the brand’s controversial promotion by a transgender activist.

Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious consumers are opting for cheaper six-packs, according to analysts and industry experts.