AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024. Bloomberg | Getty Images Shares of Belgium’s AB InBev rose 5% Wednesday morning after the company posted higher revenue and profit in the first quarter, as analysts said it had escaped the … Read more
Bud Light, made by Anheuser-Busch. Joe Raedle | Getty Images Hiking beer prices led Budweiser owner Anheuser-Busch InBev to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action. The world’s biggest brewer on Thursday recorded annual revenue of $59.38 billion, up 7.8%, but shy of … Read more
Countries and companies rent out storefronts on the Promenade in Davos, Switzerland during the World Economic Forum CNBC DAVOS, Switzerland — For as long as countries and companies have rented out chalets and storefronts on the Promenade of the small Swiss ski village that hosts the World Economic Forum, ancillary programming hosted beyond the reaches … Read more
The beer industry should prove resilient through looming supply chain challenges that look set to impact some markets, the chief executive of Budweiser owner AB InBev said Friday. Beer has a “characteristic as a category that is incredible, which is beer is local,” Michel Doukeris told CNBC’s Arabile Gumede. AB InBev is the world’s biggest … Read more
