Anheuser Busch Inbev – Raise A Glass To Higher Profits
Anheuser Busch Inbev SA (NYSE:BUD) reported revenue in the third quarter of $14.3bn, reflecting 7.9% organic growth. Underlying cash profits grew 3% to $5.2bn. [soros] Q3 2021 hedge fund letters, conferences and more As a result of “continued momentum” cash profit guidance was raised to between 10% and 12%. The board has chosen not to issue an interim dividend. The shares rose 4.7% following the announcement. Anheuser Busch Inbev Raises Full Year Cash Profit GuidanceMatt Britzman, Equity Analyst at Hargreaves Lansdown: “Unlike rival Heineken, Anheuser Busch Inbev posted growing volumes as mome...