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Anheuser-Busch InBev starts solid in Q1 2024 – results data

Olly Wehring
Last updated: 08/05/2024 at 12:26 PM
By Olly Wehring
8 May 2024
3 Min Read

Anheuser-Busch InBev has posted the lowest level of growth – but growth all the same – among its multinational brewing peers in the first three months of this year.


Budweiser bottle on ice
Credit: Giuliana Catachura/Unsplash
  • Quarterly sales – to end of March – increase 2.6% to US$14.55bn
  • Group volumes flat – -0.6%
  • ‘Europe, Middle East & Africa’ surges +16.3% by sales value
  • US value down 9.1% but spirits-based RTD portfolio up “strong” double digits in volumes
  • China dips 2.7% in value on high year-prior comparables
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Quarterly sales - to end of March - increase 2.6% to US$14.55bnGroup volumes flat - -0.6%'Europe, Middle East & Africa' surges +16.3% by sales valueUS value down 9.1% but spirits-based RTD portfolio up "strong" double digits in volumesChina dips 2.7% in value on high year-prior comparablesComing in behind Molson Coors Beverage Co (Q1 sales up 10.1%), Heineken (+9.4%) and Carlsberg (+6.4%), the beer market leader reported a lift in Q1 sales of 2.6% on steadying volumes. The performance, described by one investment analyst today as "bruise-free", saw continued negativity in the US offset by

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TAGGED:AB InBev
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
Previous Article Close-up of flag of the USA Spirits sales in the US – March 2024 – data
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