World Cup boosts Anheuser-Busch InBev in Q2

|About: Anheuser-Busch InBev SA/NV (BUD)|By:, SA News Editor

Anheuser-Busch InBev (NYSE:BUD) reports revenue jumped 5% to $12.2B in Q2 with the World Cup generating significant volume momentum for the beer giant.

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.