Anheuser-Busch InBev SA/NV (NYSE:BUD) shares are trading higher after the company reported better-than-expected first-quarter FY24 earnings.
The company reported first-quarter FY24 sales growth of 2.6% organically year-on-year to $14.547 billion, beating the analyst consensus estimate of $14.416 billion.
On Organic basis, total volumes declined by 0.6%, with own beer volumes down by 1.3% and non-beer volumes up by 3.5%. Revenue per hl grew 3.3%.
Gross profit ...
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