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AB InBev beats earnings expectations as beer sales spike

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AB InBev beats earnings expectations as beer sales spike
FILE PHOTO: The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven, Belgium February 28, 2019. REUTERS/Francois Lenoir   -   Copyright  Francois Lenoir(Reuters)
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BRUSSELS (Reuters) – Anheuser-Busch InBev <ABI.BR>, 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 ( £4.7 billion ), compared with the $5.73 billion consensus based on Refinitiv data.

(Reporting by Philip Blenkinsop; editing by Gopakumar Warrier)

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