Why Bud Light Parent AB InBev Shares Are Taking A Hit Today

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Anheuser-Busch InBev SA/NV (NYSE:BUD) reported fourth-quarter fiscal 2023 revenue growth of 6.2% organic year-over-year to $14.473 billion, missing the consensus of $15.49 billion.

Total volumes declined by 2.6%, with own beer volumes down by 3.6% and non-beer volumes up by 3%. Revenue per hl grew 9.3%.

The company had about 70% of its revenue through B2B digital platforms and over $550 million revenue was generated by the digital direct-to-consumer ecosystem.

Gross profit for the quarter declined to $7.794 billion (up 5.3% organically), and gross margin contracted …

Full story available on Benzinga.com