AB InBev reports Q1 sales, adjusted EPS above estimates as beer volumes rise
AB InBev BUD $80.79 (9.31%), the world’s largest brewer, rose in premarket trading after it reported results that beat Wall Street estimates and showed its beer business grew for the first time since 2023.
For the first three months of 2026, the company reported:
- Revenue of $15.3 billion, higher than the $14.7 billion analysts polled by FactSet had expected.
- Adjusted earnings per share of $0.97, greater than the $0.89 the Street was penciling in.
The Bud Light maker also affirmed its 2026 guidance, pricing in a boost from demand around this summer’s World Cup.
The company reported overall sales volume growth of 0.8% compared to the same point last year, marking the first year-over-year increase in three years. That growth was driven by beer volumes, which grew 1.2%, while non-beer volumes — such as ready-to-drink cocktails and seltzers — fell by 1.9% in the same period.
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