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 SA/NVFIFA World Cup contributed to volume growth and is expected to boost Michelob ULTRA expansion.