Anheuser-Busch InBev Sees Revenue Growth Despite Decline in Yearly Sales

Budweiser Owner Anheuser-Busch InBev Reports Yearly Sales Decline

On Thursday, Anheuser-Busch InBev, the owner of Budweiser, revealed a decline in yearly sales despite a 7.8% growth in revenue, driven by higher beer prices. The company's annual revenue stood at $59.38 billion, falling short of analyst expectations of $60.48 billion as per an LSEG-compiled consensus.

Volume and Brand Performance

The world's largest brewer experienced a 1.7% decrease in volumes sold, with beer brands declining by 2.3%.

Challenges Faced

Amidst higher input costs and a squeeze on consumer spending in the beer industry, the company endured a turbulent year. Additionally, a social media-driven boycott of its core Bud Light brand impacted U.S. sales.

As of now, this story is developing, and further updates are anticipated.