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The company posted adjusted earnings of 97 cents per share, topping the analyst consensus estimate of 89 cents.
AB InBev posted adjusted earnings of 97 cents per share, surpassing the 89-cent consensus estimate.
KEY POINTS
- First quarter revenue increased 5.8% year over year to $15.267 billion, beating expectations.
- Corona's revenues outside its home market grew 16%, leading an 8.2% rise in megabrands' revenues.
- First-quarter beer volumes hit records in Mexico, Colombia, Brazil, South Africa, and Peru.
- AB InBev projects net capital expenditures of $3.5-$4.0 billion for the full year.
COMPANIES
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