Reported 2 months ago
Anheuser-Busch InBev has reported encouraging profits that surpassed expectations, contrasting sharply with the struggles of its peers in the alcohol sector. While the company acknowledges continuing challenges linked to low consumer confidence and economic turbulence, it maintained its growth forecast despite mixed results in volumes and revenue. The broader spirits market is facing declines as consumers opt for cheaper options amid a cost of living crisis, raising concerns about the long-term viability of premium pricing strategies.
Source: YAHOO