Anheuser-Busch InBev reports mixed earnings, as it tries to shake off the Bud Light boycott

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Anheuser-Busch Inbev News

Bud Light,Volume Growth,Bloomberg Consensus

Anheuser-Busch InBev is set to report earnings Thursday before market open.

The beer giant reported revenue of $15.33 billion, lower than the $15.49 billion expected. Margin recovery drove a 10.2% growth in EBITDA, more than the 9.24% growth Wall Street expected, based on Bloomberg Consensus data.Volume growth is still lagging, down 0.8% year over year, dragged lower by sales in the US and China.

In the four-week period ending July 6, 2024, Bud Light sales are down 18.6% from a year ago, whereas Miller Lite is down 0.1%, Coors Banquet is up 16.3%, and Coors Light grew 2.3%, according to data from Bump Williams Consulting and NielsenIQ.Its other brands, Michelob Ultra and Busch Light, helped offset its losses from Bud Light. Overall, its beer market share is now "flattish" per the release. Its ready-to-drink canned cocktails segment had volume growth in the high teens in the US.

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Anheuser-Busch InBev to report earnings as Bud Light sales continue to dropAnheuser-Busch InBev is set to report earnings Thursday before market open.
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