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Market analysts had forecast 3.2% volume growth in the first half and 8.2% operating profit growth for the year. ... analysts expect Anheuser-Busch InBev to post a revenue decline for the June ...
Image source: The Motley Fool. Anheuser-Busch InBev/NV (NYSE: BUD) Q2 2024 Earnings Call Aug 01, 2024, 7:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
Anheuser-Busch InBev is trying to get back into the game after a challenging 2023. The beer giant reported revenue of $15.33 billion, lower than the $15.49 billion expected.
Shares of Anheuser-Busch’s parent company, AB InBev, fell from about $66 to $45 at the height of the controversy. They have since recovered most of those losses and closed at about $61 on Wednesday.
Anheuser-Busch, a wholly owned subsidiary of Anheuser-Busch InBev SA/NV, is the largest brewing company in the United States, with a market share of 45 percent in 2016. [ 1 ] The company operates 12 breweries in the United States and nearly 20 in other countries, which increased after Anheuser-Busch InBev SA/NV acquired SABMiller in 2016. [ 2 ]
Under the terms of the merger agreement, all shares of Anheuser-Busch were acquired for US$70 per share in cash, for an aggregate of US$52 billion. [22] Anheuser-Busch was established in 1852 in St. Louis, Missouri, US as Anheuser & Co. It is the largest brewing company in the United States and employs over 30,000 people.
Ambev, formally Companhia de Bebidas das Américas and Companhia Brasileira de Bebidas, is a Brazilian brewing company now merged into Anheuser-Busch InBev. Its name translates to "Americas' Beverage Company", hence the "Ambev" abbreviation. It was created on July 1, 1999, with the merger of two breweries, Brahma and Antarctica.
The world’s largest brewer may have lost as much as $1.4 billion in sales because of the backlash to its brief partnership with a transgender influencer to promote Bud Light beer.