AB InBev beats profit expectations on price hike impact

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AB InBev beats profit expectations on price hike impact
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Anheuser-Busch InBev reported higher than expected earnings on Thursday as it sold only slightly more beer but at sharply higher prices. Moneyweb ABInBevEarnings

Anheuser-Busch InBev, the world’s largest brewer, reported higher than expected earnings on Thursday as it sold only slightly more beer but at sharply higher prices.

The maker of Budweiser, Stella Artois and Corona said core profit rose by 13.6% to $4.76 billion, compared with the 5.6% average increase expected in a company-compiled poll.

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