Brewer Anheuser-Busch InBev posts Q3 sales above expectations

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AB InBev also announced a $1 billion share buy back and said it would offer to buy back bonds worth $3 billion, as it looks to further cut a debt pile built ...

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FILE PHOTO: Cans of AB InBev's Bud Light hard seltzer are displayed in a fridge in Jewel-Osco supermarket in Chicago(Reuters) - The world's largest brewer, Anheuser-Busch InBev, on Tuesday reported third-quarter sales growth that was slightly better than expected, as pricing boosted revenue and helped offset lower volumes of beer sold.

Although revenue grew in about 80% of its markets, it dropped 13.5% in the United States, dragged, in part, by declining volumes of Bud Light beer. Brewers have been hiking prices of their beer amid rapid cost inflation, but that has so far not impacted drinkers' demand. Steve Ballmer joined Microsoft in 1980 as Bill Gates' assistant, became CEO in 2000, and retired in 2014 with a 4% stake that's worth a fortune today.Are you looking for stocks to buy before the next bull market? Here are two top picks! The post A Bull Market Is Coming: 2 Spectacular Growth Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.

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