AB InBev 1Q Profit Jumped as Revenue Growth Beat Expectations

Bottles of Stella Artois beer are seen during the yearly company’s results of Anheuser-Busch InBev in Leuven, Belgium February 25, 2016. Photo: © yves herman / reuters/Reuters

Anheuser-Busch InBev on Thursday reported an jump in net profit for the first quarter of 2023, driven by a better-than-expected revenue increase and supported by pricing actions.

The world’s largest brewer—which houses the Stella Artois and Budweiser brands among its portfolio—made a net profit of $1.64 billion in the first quarter from $95 million a year earlier.

What's News

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Sponsored Offers
  • TurboTax:
    Save up to $15 with TurboTax coupon May 2023
  • The Motley Fool:
    Epic Bundle - 3x Expert Stock Recommendations
  • H&R Block Tax:
    15% Off DIY and Assisted Expat Tax Services
  • Walmart:
    20% off your order with Walmart promo code
  • Target:
    Target Promo Code: 20% Off Entire Order
  • Zales:
    Enjoy Gift Cards for Zales