|Day's Range||115.12 - 116.24|
|52 Week Range||98.28 - 136.08|
|PE Ratio (TTM)||84.52|
|Dividend & Yield||3.90 (3.42%)|
|1y Target Est||N/A|
Anheuser-Busch InBev reported surging profit following last year’s integration of rival beer giant SABMiller, but said its sales continued to decline in the U.S. and Brazil, its two largest markets.
Anheuser-Busch InBev, the world's largest beer maker, reported an increase in second-quarter earnings on Thursday as gains in China, Mexico and new market South Africa offset weakness in Brazil. The brewer of Budweiser, Stella Artois and Corona, which makes more than a quarter of the world's beer, saw a 1 percent increase in beer volumes and shifted consumers onto higher priced beers, resulting in a 5 percent increase in revenues. AB InBev, which sells more than twice as much beer as nearest rival Heineken following its $100 billion acquisition of SABMiller in 2016, said volumes fell in its two largest markets, the United States and Brazil, as well as in Colombia.
Anheuser-Busch InBev NV, the world’s largest brewer, is widening cost savings from last year’s $104 billion takeover of rival SABMiller at a faster pace than expected, helping the company post second-quarter ...