AB InBev beats earnings expectations as beer sales spike
Reuters
Published Jul 25, 2019 06:16
AB InBev beats earnings expectations as beer sales spike
BRUSSELS (Reuters) - Anheuser-Busch InBev (BR:ABI), the world's largest brewer, beat earnings expectations in the second quarter after beer sales grew at their fastest pace in five years.
The maker of Budweiser, Corona and Stella Artois said on Thursday that earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 9.4% on a like-for-like basis to $5.86 billion ( £4.7 billion ), compared with the $5.73 billion consensus based on Refinitiv data.
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Written By: Reuters
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