Anheuser-Busch InBev, the world’s biggest brewer, on Thursday smashed profit expectations during a quarter that saw a social media-driven boycott of its bestselling Bud Light beer in the U.S.
The Belgium-based Budweiser owner said its second-quarter revenue rose by 7.2% globally, as price hikes offset a 1.4% fall in volumes. The company said organic growth in earnings before interest, taxes, depreciation and amortization (EBITDA) was 5%, above a consensus forecast of 0.4%.
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