Bud Stock Jumps. Why AB InBev Revenue Rose Despite Consumers Shunning Beer. - Barron's
1. ABI's stock rose after beating earnings estimates with $14.84 billion revenue. 2. Premium beer sales, especially Michelob Ultra, drove earnings despite volume drops. 3. Overall volumes declined 1.9%, mainly due to lower purchases in China and Argentina. 4. Michelob Ultra gained significant market share in the U.S. beer market. 5. ABI aims to recover its reputation post-controversy surrounding Bud Light's promotion.