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 SA/NVReturn to volume growth with record volumes in Mexico, Colombia, Ecuador, and strong non-alcoholic beer growth.
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