Bubbling profits for AB InBev despite Bud Light boycott
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AB InBev, the world's largest brewer, reported a 15.2% increase in net profits to $1.51 billion in the first quarter of 2024, despite a drop in beer sales driven by a Bud Light boycott in the United States. The company recorded a 0.6% drop in volumes sold worldwide, with beer sales posting a larger drop of 1.3%. However, higher prices allowed AB InBev to increase its revenue by 2.6% to $14.5 billion. Sales rose in 75% of its markets worldwide, thanks to a 3.3% increase in revenue per hectolitre. AB InBev remains confident in delivering on its 2024 growth ambitions.

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https://www.legit.ng/business-economy/economy/1591396-bubbling-profits-ab-inbev-bud-light-boycott/