Surging beer sales amid eased Covid-19 restrictions helped boost profit
Signage outside the Anheuser-Busch Budweiser bottling facility in St Louis, Missouri, the US, on July 8 2021. Picture: BLOOMBERG/LUKE SHARRETT
A year on from its worst quarter of the Covid-19 crisis, the brewer of Budweiser, Stella Artois and Corona benefited from increased beer consumption across the Americas, in Europe and SA, including a leap of more than 50% in Colombia. AB InBev retained its forecast that earnings before interest, tax, depreciation and amortisation would grow by between 8% and 12% this year, with revenue increasing by a faster pace with healthy volumes and prices.
Still, the company sounded a note of caution, saying its outlook reflected its current assessment of the scale and magnitude of the pandemic and could be subject to change.
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