AB InBev 3Q23 Total Volumes Declined By 3.4% YoY With Own Beer Volumes Down 4% And Non-Beer Volumes Up 1.4%
Portfolio Pulse from Benzinga Newsdesk
AB InBev reported a 3.4% YoY decline in total volumes for 3Q23, with own beer volumes down 4% and non-beer volumes up 1.4%. The decline was primarily due to performance in the US and a soft industry in Europe, despite growth in Middle Americas, Africa, and APAC regions.
October 31, 2023 | 6:55 am
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AB InBev's 3Q23 report shows a decline in total volumes, primarily due to performance in the US and Europe. This could potentially impact the company's stock price.
AB InBev's 3Q23 report shows a decline in total volumes, which is a key performance indicator for beverage companies. The decline is primarily due to performance in the US and Europe, two significant markets for the company. This could potentially lead to a negative impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100