Budweiser owner AB InBev's annual sales slide, revenue climbs on price hikes

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 ...