Anheuser-Busch InBev Reports 22% EPS Growth and Dividend Increase in Q3 2026

Anheuser-Busch InBev (BUD) reported strong third-quarter 2026 financial results, highlighted by a 22% increase in underlying earnings per share to $1.21. The company also announced an interim dividend hike from 0.15 euros to 0.40 euros per share and is continuing its $6 billion stock buyback program, supported by robust free cash flow. Growth is being driven by 'mega brands' like Corona and Michelob ULTRA, which saw net revenue increases of nearly 8%. Management is also pivoting toward high-margin non-alcoholic beer to capture new consumer demographics. While the company faces volume declines in China and rising transportation costs in North America, its digital B2B platform, BEES, provides a structural competitive advantage.

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