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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 ...
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.
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.
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.
Anheuser-Busch InBev shares are down 3% over the past year, according to Yahoo Finance data, underperforming the S&P 500's 37% gain. Molson Coors shares are up slightly, while Boston Beer is down ...
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.
In 2006, it had a market capitalization of €30.6 billion and net profit of €3.2 billion on sales of €13.3 billion. On 13 July 2008 InBev agreed to buy Anheuser-Busch, forming a new company to be named Anheuser-Busch InBev. It was reported that Anheuser would get two seats on the combined board. [2]