A major local company, Anheuser-Busch, is reporting higher second-quarter revenue despite selling less beer in the United States.
Anheuser-Busch InBev says higher prices and a shift toward premium brands helped boost global revenue to over 16.6B—an 11% jump over last year.
While actual beer shipments in the U.S. dipped slightly, revenue per barrel rose.
The St. Louis-based brewer saw strong volume growth from Michelob Ultra and Busch Light, while its non-alcoholic beer and Cutwater canned cocktail lines both posted double-digit gains.
AB InBev says global profits doubled
AB InBev says global profits doubled
