Brewer Anheuser-Busch InBev posts Q3 sales above expectations
© Reuters. FILE PHOTO: Cans of AB InBev's Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago, Illinois, U.S. October 21, 2020. Picture taken October 21, 2020. REUTERS/Richa Naidu/File Photo - The world's largest brewer, Anheuser-Busch InBev, on Tuesday reported third-quarter sales growth that was slightly better than expected, as pricing boosted revenue and helped offset lower volumes of beer sold.
Sales grew 5% in the quarter to $15.57 billion, while analysts in a company-provided consensus had, on average, expected growth of 4.7%. AB Inbev's Bud Light has lost its top spot among U.S. consumers recently after a conservatives backlash over a social media promotional campaign with Dylan Mulvaney, a transgender influencer.
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