Budweiser brewer Anheuser-Busch has reached a contract agreement with the Teamsters union that avoids a strike at its US plants.The union had threatened a strike at the brewer’s 12 US plants if an agreement on a new five-year contract wasn’t reached by 11:59 p.m. Thursday. The Teamsters union represents 5,000 Anheuser-Busch workers who brew and package beer and even take care of the company’s legendary Clydesdale horses. 3 Budweiser and Anheuser-Busch locked into a contract agreement with Anheuser-Busch w ...

Budweiser owner Anheuser-Busch InBev on Thursday posted a fall in yearly sales, even as revenue grew on the back of higher beer prices. The world's biggest brewer recorded annual revenue of $59.38 billion, up 7.8%, but shy of analyst expectations of $60.48 billion, according to an LSEG-compiled consensus. Volumes sold fell by 1.7%, with beer brands declining by 2.3%.The company faced a turbulent year as the beer industry faced higher input costs and a squeeze on consumer spending, while it also became embro ...

Anheuser-Busch (A-B) announced it reached a tentative agreement with the International Brotherhood of Teamsters union on Wednesday, one day before its single master contract for the 12 breweries across the country was set to expire. Teamsters, which represents all 5,000 A-B employees at all 12 U.S. locations, confirmed a five-year tentative agreement was reached on Wednesday."Teamsters make the beer, Teamsters make Anheuser-Busch successful, and our members deserve the best contract. That is what we fought ...

Exhibit 99.1 Continued global momentum, partially offset by US performance, delivered all-time high revenue in FY23 "Our business delivered another year of consistent profitable growth with a revenue increase of 7.8% and EBITDA growth of 7.0%. Strong free cash flow generation enabled us to progress on our deleveraging, propose an increased dividend to our shareholders and execute on a 1 billion USD share buyback. Our results are a testament to the strength of the beer category, resilience of our business an ...

• Lead and grow the category • Digitize and monetize our ecosystem BEES Marketplace was live in 15 markets with 67% of BEES customers also Marketplace buyers. Marketplace captured approximately 1.5 billion USD in GMV from sales of third-party products this year, growth of 52% versus FY22. o Maximizing value creation: Our objective to maximize long-term value creation is driven by our focus on three areas: optimized resource allocation, robust risk management and an efficient capital structure. Our culture o ...

Anheuser-Busch InBev SA/NV (BUD) , also known as AB InBev, is slated to release fourth-quarter 2023 earnings on Feb 29. The leading alcohol beverage company is likely to register year-over-year revenue growth when it reports fourth-quarter 2023 results.The Zacks Consensus Estimate for AB InBev’s fourth-quarter revenues is pegged at $15.3 billion, suggesting 4.6% growth from the year-ago quarter’s reported number. For fourth-quarter earnings, the consensus mark is pegged at 76 cents per share, suggesting 22. ...

The Teamsters union appears ready to shut down work at two major beer companies at once, after striking at Molson Coors' Texas brewery over the weekend and warning it will do the same at all of Anheuser-Busch InBev's U.S. breweries if a new deal for workers is not reached by the end of the month. The 420 members of Teamsters Local 997 walked off the job at Molson Coors' Fort Worth brewery on Saturday, after the labor union and the company failed to reach an agreement on a new three-year contract for workers ...

The most recent trading session ended with Anheuser-Busch Inbev (BUD) standing at $64.78, reflecting a +0.42% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.33%, and the technology-centric Nasdaq decreased by 0.3%.Shares of the brewer have depreciated by 0.86% over the course of the past month, underperforming the Consumer Staples sector's gain of 0.2% and the S&P 500's gain of 5.78%.The investment commun ...

While the Bud Light "genie" offered to grant any wish during the beer maker’s Super Bowl commercial, one former Anheuser-Busch executive cautioned the high-dollar advertising attempt didn’t win back customers. "They haven't done a good job of climbing out of this ditch at all. You still have sales that are down 30% week over week, and that's despite them last summer spending three times their planned marketing budget on Bud Light," Anson Frericks said on "Cavuto: Coast to Coast," Monday."The biggest problem ...

A conservative CEO says that Republican beer drinkers want a beverage that “truly supports their values” after former President Donald Trump defended rival brand Bud Light.In 2023, Bud Light launched a controversial partnership with transgender activist Dylan Mulvaney that sparked an immediate, months-long boycott from the beer-drinking community.Trump, however, tried to soothe things over with the beer brand earlier this week by saying that Bud Light’s parent company Anheuser-Busch “is not a woke company” ...