AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024.
Anheuser-Busch InBev on Thursday reported third quarter profits, revenues and volumes all well behind forecasts, as the top brewer sold less beer in key markets like the United States, Mexico and China.
The world's largest beer maker however also raised its full-year guidance and announced a $2 billion share buyback over the next 12 months.
Its revenues and volumes, meanwhile, saw a 2.1% rise and 2.4% decline respectively, compared to analyst forecasts for a 3.4% increase and 0.4% decline.
Revenues and volumes were down 16.1% and 14.2% respectively in China, with AB InBev flagging particular weakness in sales in venues such as bars and restaurants.
Persons:
Michel Doukeris, Stella Artois
Organizations:
InBev Budweiser, Bud Light, Anheuser, Busch InBev, InBev
Locations:
Queens, New York, United States, Mexico, China