AB InBev reports jump in profit on better-than-expected revenue, prices

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Anheuser-Busch InBev on Thursday reported an jump in net profit for the first quarter of 2023, driven by a better-than-expected revenue increase and supported by pricing actions.

The world’s largest brewer BUD BE:ABI –which houses the Stella Artois and Budweiser brands among its portfolio–made a net profit of $1.64 billion in the first quarter from $95 million a year earlier.

The…

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