Anheuser-Busch InBev, the world's largest brewer and parent company of Bud Light, reported its earnings, revealing a mixture of financial outcomes. The company surpassed fourth-quarter sales estimates and announced a 9% increase in its annual dividend, signaling a positive turn for investors after years of challenges. However, this financial uplift comes amidst challenges, including a potential strike and a slump in profits attributed to a boycott of Bud Light. Despite the sales beat, the company did not initiate a new share buyback program, and its annual sales experienced a decline, although revenue saw an uptick due to price hikes.
NEW: Profits at the world’s largest brewer AB InBev slumped after Bud Light boycott https://t.co/iGt2rOxpwc
Top brewer AB InBev hikes dividend, but no new share buyback https://t.co/zvIXqd6Kh1 https://t.co/JgnfmxetT2
Budweiser owner AB InBev's annual sales slide, revenue climbs on price hikes https://t.co/c1z4oJdQfs
⚠️ BREWER AB INBEV HIKES ANNUAL DIVIDEND AFTER Q4 SALES ESTIMATE BEAT (Reuters) The world's top brewer Anheuser-Busch InBev on Thursday beat fourth-quarter sales estimates and raised its annual dividend by 9%, a move likely to cheer investors hungry for returns after years of… https://t.co/orgN7W1wHN
Bud Light parent Anheuser-Busch InBev to report earnings as a potential strike looms https://t.co/y2n0fgOQml by @BrookeDiPalma