AB InBev's Q3 results: Mixed sales, $1 billion buyback, and ongoing Bud Light struggles
TL;DR Summary
AB InBev, the parent company of Bud Light, announced a $1 billion buyback program, causing its shares to rise by 5%. The buyback will be executed over the next 12 months. However, the company's Q3 earnings results were mixed, with US volume growth dragging down performance. US revenue dropped 13.5% due to a decline in Bud Light sales. AB InBev also saw softness in Europe but growth in other regions. The company's stock is down over 5% year-to-date.
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- AB InBev Shares Pop On Buyback, Earnings Beat as Boycott Continues to Hurt Sales Investopedia
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