Anheuser-Busch Beats Earnings Expectations Amid Sales Decline

Budweiser brewer Anheuser-Busch InBev has reported a 7% increase in underlying earnings per share, driven by higher prices and improved operational efficiency. Despite selling less beer, the company’s revenue rose 3% to $14.84 billion in the fourth quarter. Analysts had expected earnings of 74 cents a share on revenue of $14.18 billion.

The company’s results exceeded estimates, with Anheuser-Busch InBev becoming one of the few major brewers to beat expectations amid declining beer sales. The maker of Budweiser has been increasing prices and optimizing its operations to boost profits.

With its fourth-quarter earnings per share reaching 88 cents a share, Anheuser-Busch InBev’s stock price surged following the announcement.

Source: https://www.marketwatch.com/story/budweisers-parent-company-is-selling-less-beer-and-making-more-money-b84c8fec