AB InBev beer sales recover, but interim dividend scrapped
Reuters
Published Oct 29, 2020 06:24
BRUSSELS (Reuters) - Anheuser-Busch InBev (BR:ABI), the world's largest brewer, reported a surprise increase in beer sales in the third quarter, although profits dipped and its interim dividend payment was scrapped due to the COVID-19 pandemic.
The maker of Budweiser, Stella Artois and Corona lagers said on Thursday its overall beer and soft drink volumes rose by 1.9% to drive revenues up 4.0%, against consensus expectations of a 4% decline.
Core profit (earnings before interest, tax, depreciation and amortisation) dipped 0.8%, a far milder decline than the average forecast of a 9.3% drop in a company-compiled poll.
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Written By: Reuters
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