- Anheuser-Busch InBev (NYSE:BUD) reported some solid organic growth across key regions in Q3 as higher prices contributed.
- Organic sales were up by double-digits in Mexico and Brazil, while the mark in China was +6.6% during a tumultuous quarter.
- U.S. organic sales were up more moderately with a 2.8% rise as A-B continues to see Bud Light and Budweiser lose traction amid the popularity of craft beer. Bud Light market share fell 45 bps during Q3, while Budweiser lost 15 bps. The company's mix of sales in the U.S. included a higher percentage of "above premium" brands.
- Previously: AB InBev raises sales outlook on premium lagers (Oct. 30 2015)
- Anheuser-Busch press release (.pdf)
- Anheuser-Busch is up over 2% in Brussels. BUD ADRs +2.51% premarket in the U.S.
Anheuser-Busch InBev higher after solid organic sales growth
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