Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices


A customer passes by the brewery section at an H-E-B grocery store on March 02, 2023 in Austin, Texas. Budweiser owner AB InBev is the largest brewer in the world.

Brandon Bell | Getty Images News | Getty Images

Budweiser-owner Anheuser-Busch InBev on Thursday reported a jump in profit for the first quarter, saying the beer industry had proved resilient despite inflationary pressures.

The Belgium-based brewing giant — the biggest in the world — reported core profit of $4.76 billion, up by 13.6% from the first quarter of 2022. The rise compared to a 5.6% consensus estimate published by the company. Underlying profit attributable to shareholders came in at $1.3 billion, up from $1.2…

Source cnbc.com

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