Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev is investing $13 million at its Baldwinsville, New York facility to expand production of its Cutwater spirits ready-to-drink brand and Michelob Ultra beer. The capital injection is part of the group's plan to invest $300 million across its US production this year, matching the amount invested in 2025. The company said the move will add new production capabilities for Cutwater to meet rapidly growing demand, upgrade can and bottle lines, and launch a technical skills training centre at the site. CEO Michel Doukeris said on a recent earnings call that Cutwater revenue grew at a triple-digit rate and that the company is the main rival in the spirits RTD segment.

Anheuser-Busch InBev reported a return to volume growth in the second quarter of 2026, with beer volumes up 1.1% and total volumes up 0.9% year over year. Revenues advanced 5.6%, supported by 4.2% growth in revenue per hectoliter, and the company posted record second-quarter volumes in Mexico, Colombia, and Ecuador. Non-alcoholic beer revenues climbed 27%, led by Corona Cero and Michelob Ultra Zero, while Michelob Ultra saw 40% of its volume growth come from outside the United States. China remained a pressure point, with revenues down 8.8% amid adverse weather and a constrained consumer environment. AB InBev shares have lost 0.2% in the past six months, and the stock trades at a forward price-to-earnings ratio of 17.07X versus the industry average of 15.13X.

Anheuser-Busch InBev reported second-quarter results that beat analyst expectations, with adjusted earnings per share of $1.21 versus the $1.11 estimate and sales of $16.66 billion topping the $16.352 billion estimate. Organic revenue grew 5.6%, total volumes increased 0.9%, and normalized EBITDA rose 5.8% organically to $5.94 billion. CEO Michel Doukeris said the 2026 FIFA World Cup contributed about 20 to 30 basis points of volume growth during the quarter, while the bigger benefit would come over the longer term as the event serves as a launchpad for Michelob ULTRA's expansion across the Americas. The company maintained its 2026 outlook for EBITDA growth of 4% to 8% and net capital spending of $3.5 billion to $4 billion.

Anheuser-Busch InBev reported strong second-quarter 2026 results, posting market share gains in 70% of its markets. Half-year sales reached US$31,927 million and net income hit US$6,314 million, up from US$28,632 million and US$3,824 million a year earlier, while basic earnings per share from continuing operations rose to US$3.20 from US$1.92. The company recorded 1.1% volume growth, record volumes in several Latin American markets, and further expansion in non-alcohol and Beyond Beer segments. The stock last closed at €75.2, up 38.2% year to date and 52.4% over the past year.

Southern Glazer’s Wine & Spirits has completed its acquisition of substantially all of the assets of Eagle Rock Distributing Co.’s Colorado operations. The deal brings Anheuser-Busch’s full Colorado product portfolio—including Michelob ULTRA, Busch Light, Budweiser, Bud Light, Cutwater Spirits, NÜTRL Vodka Seltzer, BeatBox Beverages, and Phorm Energy—as well as brands like Tilray Brands, Talking Rain, AriZona Beverages, Novamex, Essentia Water, Station 26 Brewing Co., Happy Dad, and Nestle under Southern Glazer’s distribution. Jeffrey Gerali, formerly Senior Commercial Director at Anheuser-Busch, has been named Senior Vice President, General Manager of Southern Glazer’s Beverage Company of Colorado, and Jason Charboneau becomes Senior Vice President, Sales for the Colorado unit. Eagle Rock will continue to operate its Georgia business in full.

Anheuser-Busch InBev's digital B2B platform BEES delivered a strong performance, generating $14.6 billion in gross merchandise value, up 15% year over year. The company's digital transformation continues to deepen customer engagement, with B2B digital platforms contributing about 72% to revenues in the first quarter of 2026. Its direct-to-consumer megabrands Zé Delivery, TaDa Delivery and PerfectDraft served 12 million active consumers, generating $139 million in revenues, while third-party sales through the DTC marketplace reached $41 million of GMV. Premiumization also drove results, with the above-core beer portfolio posting an 11% revenue increase led by Corona, Stella Artois and Michelob Ultra. AB InBev shares have gained 27.5% over the past six months, and the Zacks Consensus Estimate projects 2026 earnings per share growth of 16.1%.

Anheuser-Busch InBev is sustaining strong revenue momentum driven by premiumization, disciplined pricing, and digital transformation. Combined revenues of its megabrands increased 8.2% in the first quarter of 2026, led by Corona, while Stella Artois and Michelob Ultra also contributed outside their home markets. B2B digital platforms accounted for about 72% of revenues in the same period, reflecting the growing importance of its BEES and Zé Delivery ecosystems. The company is expanding its Beyond Beer portfolio into ready-to-drink beverages, hard seltzers, and non-alcoholic beers. AB InBev shares have gained 25.7% over the past six months, and the Zacks Consensus Estimate projects 2026 earnings per share growth of 15.8%.

Anheuser-Busch InBev has appointed Dirk Van de Put as its new chairman in a unanimous board decision. Van de Put, who has been an independent director at the brewer since April 2023, currently serves as chairman and CEO of Mondelez International and previously led McCain Foods, with senior roles at Novartis, Danone, Coca-Cola, and Mars. The company highlighted his three decades of global consumer packaged goods experience and familiarity with its long-term strategy, noting the appointment maintains an independent chair structure and reinforces a focus on brand-driven growth. The move comes as Anheuser-Busch InBev continues a strong turnaround, with shares rebounding and earnings growth, volume recovery, and cash returns rebuilding investor confidence.

Anheuser-Busch has launched the ComBar, a first-of-its-kind 10-ton, 400-plus-square-foot mobile bar built from a real combine harvester to celebrate American farmers and its commitment to U.S. agriculture. The company spends $700 million annually sourcing high-quality barley, rice, corn, and hops from 700 U.S. farmers, and holds U.S. Farmed certification for several of its iconic beers, including Busch Light, Budweiser, and Bud Light. The ComBar will embark on a nationwide tour in summer 2026, coinciding with America's 250th birthday, as part of the Choose Beer Grown Here initiative encouraging consumers to support American growers by choosing products made with U.S.-grown ingredients. Stops include the St. Louis 4th of July Celebration, the North Dakota State Fair, the Iowa State Fair, and the Farm Progress Show, among others.