Anheuser-Busch (BUD) Stock Soars Despite Boycott Challenges: A Deep Dive into Earnings Report
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- Anheuser-Busch InBev (BUD) stock rallies after surpassing Q1 estimates despite a decline in Bud Light demand.
- The company reported a 15.4% increase in earnings and a 2.6% rise in revenue.
- However, total beverage volumes declined by 0.6%, with a significant drop in U.S. revenue and Bud Light sales.
Anheuser-Busch InBev’s stock sees an early rally following Q1 results that exceeded expectations, despite a dip in Bud Light demand due to an ongoing boycott.
Q1 Results Surpass Expectations
Anheuser-Busch InBev reported a 15.4% increase in earnings to 75 cents per share, beating FactSet expectations of 66 cents. Revenue climbed 2.6% to $14.55 billion, ahead of analyst forecasts of $14.43 billion. Despite these positive figures, the company saw a ... Read more at COINOTAG.