AB-Inbev 2Q Prof Soars 64% as Sales Gain 5.6%, Volume Up 0.9%

Anheuser-Busch InBev reports profit soared 64.1%% to $3.751 billion, or $1.90 a share, from 1.676, or 84 cents a share, a year earlier.

Beer sales rose to 126,945 billion gallons in 2026 from 143.347 billion gallons a year earlier. The company reported a 27% increase in revenue from no-alcohol beer sales, Beyond Beer sales jumped 44% in the second quarter.

Volume rose 0.9% to 144,003 barrels, and revenue gained 5.6% to $16.660 billion.

The company said it estimates it gained market share in 70% of its markets.

In the United States, second-half revenue increased 2.7%, with revenue per hl increasing 3.3% driven by revenue management and positive brand mix. Sales-to-retailers (STRs) declined 1.9%, estimated to have outperformed a soft industry. Sales-to-wholesalers (STWs) declined by 0.6%. EBITDA increased by 0.1%, as top-line growth and productivity initiatives were reinvested in increased marketing to fuel momentum.

The company said it was the No. 1 share gainer in total alcohol in both second quarter and first half of 2026, driven by share gains in both beer and spirits, according to Circana.

"Our beer performance in 2Q26 was led by Michelob Ultra, Busch Light and Busch Light Apple, which were the top three volume share gainers in the industry. Our Beyond Beer portfolio continued to expand our total addressable market and delivered revenue growth in the mid-seventies," the company said, adding:

"Cutwater grew revenue in the triple-digits and was the No. 1 share gaining brand in the total spirits industry. We are the leader in no-alcohol beer, with our portfolio gaining share and growing revenue in the mid-thirties led by Michelob Ultra Zero which was the No. 1 share gainer in no-alcohol beer.