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Benzinga

Business

Nabaparna Bhattacharya

Corona Maker AB InBev Shrugs Off Slower Volumes With Profit Beat And Major Buyback Push

AB InBev Corona BUD

Corona,Extra,Beer,Bottles,On,Shelves,In,A,Supermarket.,Buyer

On Thursday, Anheuser-Busch Inbev SA or AB InBev (NYSE:BUD) posted a mixed third-quarter, earnings beat, sales missed, while lifting profitability and unveiling a $6 billion buyback and interim dividend.

AB InBev’s portfolio includes Budweiser, Bud Light, Michelob, Natural Light, and Busch, plus global brands like Stella Artois and Corona, craft labels like Goose Island, and beverages such as hard seltzers and canned cocktails.

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