AB InBev Reports Growth in Beer Sales and Revenue for First Quarter
AB InBev reported a 0.8% increase in beverage volumes for the first quarter, ending a prolonged decline, and exceeded revenue and profit forecasts. The company's major brands, including Corona and Michelob Ultra, contributed to the growth, while non-beer products like Cutwater saw a 37% revenue increase. Shares rose nearly 7% following the results.
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Topics: beer industry market competition Q1 results revenue growth volume growth