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Portfolio beer brands of Budweiser Brewing Company APAC Ltd are displayed during a news conference on the company’s IPO in Hong Kong, China July 4, 2019. REUTERS/Andrew Geoffrey Jackson
BRUSSELS (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, beat earnings expectations in the second quarter after beer sales grew at their fastest pace in five years.
The maker of Budweiser, Corona and Stella Artois said on Thursday that earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 9.4% on a like-for-like basis to $5.86 billion, compared with the $5.73 billion consensus based on Refinitiv data.
Reporting by Philip Blenkinsop; editing by Gopakumar Warrier
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