Anheuser-Busch InBev SA/NV (BUD)
- Motley Fool
Anheuser-Busch Sues Constellation Brands as It Feels the Heat From Corona Hard Seltzer
Although the legal argument behind Anheuser-Busch InBev's (NYSE: BUD) new lawsuit against Constellation Brands (NYSE: STZ) hinges on whether hard seltzer is technically "beer," the stakes are actually much higher. While actual beer sales continue to decline, hard seltzer remains one of the hottest adult beverages on the market, growing at triple-digit rates. Anheuser-Busch's Grupo Modelo contends Constellation Brands violated the licensing agreement for Corona that was signed as part of the mega brewer's acquisition of the Mexican brewery in 2013 to satisfy antitrust concerns.
- Motley Fool
Anheuser-Busch InBev NV (BUD) Q4 2020 Earnings Call Transcript
BUD earnings call for the period ending December 31, 2020.
- Financial Times
AB InBev expects 2021 recovery as threat from pandemic recedes
The world’s largest brewer Anheuser-Busch InBev reported a smaller hit to 2020 sales than expected and said it expected “meaningfully” better numbers this year as the pandemic began to recede. The brewer of Budweiser, Stella Artois and Corona said on Thursday that like-for-like revenues, stripping out the impact of acquisitions and disposals, dropped 3.7 per cent to $47bn as the lockdowns hit its business. While AB InBev expects better sales and profits in 2021, it cautioned that pressure on margins would continue thanks to rising commodity prices and the higher cost of packaging for drinks consumed at home.
