Anheuser-Busch InBev SA (NYSE:BUD) stock edged higher Thursday after the brewer reported second-quarter results that beat analyst expectations, supported by organic revenue growth, higher beer volumes, and stronger underlying earnings.
The company’s portfolio includes major brands such as Budweiser, Corona and Stella Artois, along with more than 500 beer brands spanning traditional lagers and newer product categories.
Adjusted EPS of $1.21 beat the $1.11 estimate, while sales of $16.66 billion topped the $16.352 billion estimate.
Earnings And Margins
Reported revenue rose 11% year over year, helped by currency translation, while organic revenue increased 5.6%.
