Net profit was up 72% to $2.61B as cost-cutting measures factored in and due to strong performances by the company in China and Brazil.
Beer volume was up 7.2% in Brazil to help A-B generate a 1% overall beer volume gain. Execs think a carry-over effect will play out into Q3.
Things weren't so rosy in the U.S. where the company lost market share in Q2. Beer volume in North America fell 3% Y/Y in Q2.
A-B's net debt is now up to $46.3B.
Shares of BUD are unchanged in premarket trading.