|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's range||68.41 - 68.93|
|52-week range||51.45 - 79.67|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||32.39|
|Forward dividend & yield||1.17 (1.56%)|
|Ex-dividend date||04 May 2021|
|1y target est||80.13|
Anheuser-Busch InBev, the world's largest brewer, restored second-quarter revenue to pre-pandemic levels and beat market expectations for profit as drinkers took advantage of eased restrictions in its major markets. The brewer of Budweiser, Stella Artois and Corona, retained its forecast that core profit (EBITDA) would grow by between 8 and 12% this year, with revenue increasing by a faster pace with healthy volumes and prices.
BRUSSELS (Reuters) -Anheuser-Busch InBev, the world's largest brewer, drove second-quarter revenue to above pre-pandemic levels and sharply boosted profit as drinkers took advantage of eased restrictions in its major markets. Michel Doukeris, the former North America zone head who took over as chief executive from fellow Brazilian Carlos Brito on July 1, said revenue in the April-June period was 3.2% higher than in the same period of 2019. AB InBev retained its forecast that earnings before interest, tax, depreciation and amortisation (EBITDA) would grow by between 8% and 12% this year, with revenue increasing by a faster pace with healthy volumes and prices.
Consumer demand for seltzer has fallen off the table, and these brewers have invested a lot in the space.