Anheuser-Busch (NYSE: BUD) surprised stock market analysts with news this morning that it achieved profit growth of 14.2% in a “very strong” first quarter, and volume for the quarter was even greater than 2019’s pre-pandemic highs.
Pinch-hitter hard seltzer has earned a permanent spot in the lineup. The Beyond Beer category is included in the company’s beer numbers.
AB InBev delivered top-line growth of 17.2%, driven by “revenue management initiatives and premiumization.”
The company also announced that Carlos Brito, CEO, would be observing from afar as of July 1, when the baton is passed to the able hands of current North America CEO, Michel Doukeris.
“Our seltzer portfolio continues to grow ahead of the industry according to IRI, and we delivered triple-digit growth of our canned cocktail brand, Cutwater,” the company said in a pre-market opening release.
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