
Anheuser-Busch InBev, the world's largest brewer and parent company of Bud Light, reported its earnings, revealing a mixture of financial outcomes. The company surpassed fourth-quarter sales estimates and announced a 9% increase in its annual dividend, signaling a positive turn for investors after years of challenges. However, this financial uplift comes amidst challenges, including a potential strike and a slump in profits attributed to a boycott of Bud Light. Despite the sales beat, the company did not initiate a new share buyback program, and its annual sales experienced a decline, although revenue saw an uptick due to price hikes.
Sources
Insider PaperNEW: Profits at the world’s largest brewer AB InBev slumped after Bud Light boycott https://t.co/iGt2rOxpwc
ReutersTop brewer AB InBev hikes dividend, but no new share buyback https://t.co/zvIXqd6Kh1 https://t.co/JgnfmxetT2
CNBCBudweiser owner AB InBev's annual sales slide, revenue climbs on price hikes https://t.co/c1z4oJdQfs
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