Shares of world's largest brewer AB InBev pop 8% after posting fourth-quarter revenue beat even as volumes slide

Shares of AB InBev, the world’s largest brewer, surged over 8% after reporting better-than-expected fourth-quarter sales, with revenue increasing by 3.4% to $14.84 billion. Full-year sales rose by 2.7% to $59.77 billion, exceeding analyst expectations. Despite a decline in volumes, CEO Michel Doukeris remains optimistic about a potential recovery in markets like China and Argentina, attributing the weak demand to industrial weakness impacting consumer sentiment.

Full Article