The world's biggest brewer saw annual revenue of $59.38 billion, up 7.8% but shy of analyst expectations.
Budweiser owner Anheuser-Busch InBev slightly missed analyst expectations for annual revenue and profit, though beat in the fourth quarter.Latest results show the continuing impact of the a social media-led boycott of Bud Light in the U.S.,to profit and revenue growth last year, even U.S. sales of staple brand Bud Light were curbed by boycott action.
Core profit rose 7% annually to nearly $20 billion, also just under a forecast of $20.1 billion.Fourth-quarter sales came in slightly ahead of expectations at 6.2% growth. But revenue in the U.S. fell 17.3% in the quarter, as sales-to-retailers dropped 12.1% — a drop that the company primarily attributed to declines in sales of Bud Light, whichof its core Bud Light brand in the middle of last year.
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