Brussels (AFP-BNS). The world’s largest brewer Anheuser-Busch InBev (AB InBev) managed to increase its net profit in the first quarter of the year, despite the boycott of Bud Light in the United States.
The Belgian-Brazilian beer group, which owns brands such as Budweiser, Stella Artois and Corona, said its net profit rose 15.2 percent in the January-March period due to price increases. to 1.51 billion US dollars, while sales revenue increased by 2.3 percent. up to 14.55 billion dollars.
Organic revenue growth reached 2.6 percent, and sales in quantitative terms exceeded 2 billion. consumers in 150 countries worldwide increased by 0.6 percent.
Sales in North America grew organically by 9.9 percent, in South America by 0.6 percent, in Central America by 4.2 percent, in the EMEA region (Europe, Middle East and Africa) by 5.4 percent, while in Asia and In the Pacific Ocean region, 4.8 percent has declined.
Last year, the brewer found itself in the middle of the culture wars in the US when it collaborated with a transgender influencer to promote Bud Light, prompting a boycott by conservative members of the public.
Svajūnas LAUKINEITIS / AFP-BNS
Associative 123rf photo.
Tags: InBev worlds biggest brewer profits grow Bud Light boycott
