Anheuser-Busch InBev SA/NV - ADR

Strong EBITDA Growth: AB InBev reported a 7.9% growth in EBITDA, hitting the top end of its outlook range, driven by effective strategy execution and margin expansion. Underlying EPS increased by 7% in USD and 20% in constant currency.

U.S. Market Momentum: The U.S. portfolio gained market share for the second consecutive quarter, with brands like Michelob Ultra and Busch Light leading in volume share gains. Increased investments are being made in these brands to capitalize on this momentum, which bodes well for growth despite adverse weather in Q1.

Global Revenue Performance: Overall revenue increased by 1.5%, with revenue per hectoliter rising by 3.7%. This growth occurred despite a 2.2% volume decline, attributed largely to calendar-related factors rather than systemic issues, suggesting resilience in brand strength.