AB InBev zvyšuje sázku na prémiové značky, nealko a digitální distribuci. GMV BEES Marketplace ve 2. čtvrtletí meziročně vzrostlo o 50 % na 1,2 miliardy USD.
Key Takeaways AB InBev is investing in megabrands like Budweiser, Corona, Stella Artois and Michelob Ultra.Premium, no-alcohol and Beyond Beer offerings are expanding to meet evolving consumer preferences.BEES Marketplace GMV rose 50% to $1.2 billion, strengthening BUD's digital distribution ecosystem. Anheuser-Busch InBev SA/NV (BUD - Free Report) , also known as AB InBev, is pursuing growth through a combination of premiumization, investment in its megabrands, category expansion, innovation and digitalization. The company continues to increase investment in leading brands such as Budweiser, Corona, Stella Artois and Michelob Ultra, supported by marketing campaigns, sponsorships and consumer activations aimed at strengthening brand equity and driving international growth. Sales and marketing investment reached $4.1 billion in the first half of 2026, underscoring BUD’s commitment to supporting long-term brand growth.
The company is expanding its above-core and premium beer portfolio, particularly through Corona and Stella Artois. In the second quarter of 2026, the above-core portfolio generated 6.9% revenue growth, with these three brands delivering strong international growth. The company is expanding its Balanced Choices portfolio, including low-carb, low-calorie and no-alcohol offerings. Its no-alcohol beer portfolio continued to post strong growth in the second quarter.
With a growing focus on premium, higher-margin products and innovative offerings such as zero-sugar and no-alcohol beer, AB InBev is responding to evolving consumer preferences while supporting growth across key markets. The company is also expanding its Beyond Beer portfolio and accelerating digital transformation, with platforms such as BEES and Zé Delivery strengthening its connections with retailers and consumers. BUD’s B2B and direct-to-consumer ecosystems are becoming increasingly important growth engines, helping it better connect with retailers and consumers.
AB InBev has consistently invested in strengthening its brand portfolio while rapidly expanding its digital ecosystem through platforms such as BEES and Zé Delivery. Through BEES Marketplace, the company is digitizing its relationships with retailers, improving distribution efficiency and creating additional monetization opportunities. BEES Marketplace GMV grew 50% year over year to $1.2 billion in the second quarter, while total BEES GMV reached $15 billion, highlighting the growing scale of BUD’s digital platform.
In a nutshell, BUD is focused on driving growth by premiumizing its portfolio, expanding its presence in high-growth no-alcohol and Beyond Beer categories, and leveraging its global megabrands and digital distribution platform to broaden consumer reach and strengthen market penetration.
BUD’s Price Performance, Valuation and EstimatesAB InBev’s shares have gained 0.7% in the past six months compared with the industry’s 1.1% growth.
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From a valuation standpoint, BUD trades at a forward price-to-earnings ratio of 16.77X compared with the industry’s average of 15.15X.
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The Zacks Consensus Estimate for BUD’s 2026 and 2027 earnings per share (EPS) indicates year-over-year growth of 17.7% and 12%, respectively. The company’s EPS estimates for 2026 and 2027 have moved upward in the past 30 days.
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AB InBev currently carries a Zacks Rank #3 (Hold).
Stocks to Consider in the Consumer Staples Space The Chefs' Warehouse, Inc. (CHEF - Free Report) , which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Chefs' Warehouse's current financial-year sales indicates growth of 10.6% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Darling Ingredients (DAR - Free Report) , which is a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Darling Ingredients’ current financial-year sales is expected to rise 11.5% from the year-ago reported figure. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
Medifast, Inc. (MED - Free Report) , which is a leading manufacturer and distributor of clinically-proven healthy living products and programs, currently carries a Zacks Rank of 2. MED delivered an average earnings surprise of 58.2% in the last reported quarter.
The Zacks Consensus Estimate for Medifast’s current financial-year sales indicates a decline of 25.9% from the year-ago number.
Anheuser-Busch investuje 13 milionů USD do závodu v Baldwinsville v New Yorku s cílem zvýšit výrobu Michelob ULTRA a Cutwater a rozšířit školení dovedností. Součástí je i nové technické školicí centrum.
LEADING AMERICAN MANUFACTURER CONTINUES TO DELIVER ON $600 MILLION COMMITMENT, FUELING PRODUCTION OF MICHELOB ULTRA AND ADDING CUTWATER PRODUCTION CAPABILITIES
, /PRNewswire/ -- Today, Anheuser-Busch (NYSE: BUD), a leading American manufacturer and maker of Michelob ULTRA, Busch Light, Budweiser, Bud Light, Cutwater Spirits and NÜTRL Vodka Seltzer, announced a $13 million investment in its Baldwinsville, New York facility. This investment will help Anheuser-Busch, the #1 fastest-growing supplier in total alcohol,1 meet growing consumer demand for Michelob ULTRA and Cutwater, the top 2 fastest-growing alcohol brands in the country,2 and expand local manufacturing skills training.
Baldwinsville Brewery This latest investment is part of Anheuser-Busch's ongoing Brewing Futures initiative through which the company is investing $600 million in its U.S. operations across 2025 and 2026. The initiative builds on Anheuser-Busch's commitment to investing in people, breweries and communities by creating and sustaining manufacturing jobs, building the manufacturing workforce for the future, and strengthening manufacturing career opportunities for veterans.
Brendan Whitworth, CEO, Anheuser-Busch said: "Anheuser-Busch is committed to supporting the communities where our employees live and work. Investments in facilities like our Baldwinsville Brewery help us strengthen our operations while creating and sustaining jobs and continuing to drive economic growth throughout Central New York State. We're proud to continue investing in American manufacturing and in the hardworking New Yorkers who help to produce America's most iconic beer and spirits brands every day."
This new $13 million investment in Anheuser-Busch's Baldwinsville Brewery will help increase production of Michelob ULTRA, the #1 top-selling and fastest-growing beer in America,3 as well as upgrade can and bottle lines. It will also add new production capabilities for Cutwater to help meet rapidly growing demand for the #1 spirits-based cocktail brand in the U.S.4
As part of this investment, Anheuser-Busch will also open a new technical skills training center inside the Baldwinsville Brewery, one of 15 that the company is opening nationwide, to upskill employees across mechanical, electrical, digital, and operational areas. This new center builds on the Baldwinsville Brewery's already strong technical skills training programs. This year, the Brewery is celebrating the first two graduates from its Maintenance Technician Development Program—developed in partnership with New York State, The Manufacturers Association of Central New York (MACNY) and the Teamsters—who went through hands-on training to advance from packaging operators to electricians.
Governor Kathy Hochul said: "New York has a proud manufacturing heritage that continues to fuel economic opportunity across the state. Anheuser-Busch's latest investment in its Baldwinsville Brewery, alongside the apprenticeship opportunities developed in partnership with Anheuser-Busch, New York State, MACNY, and the Teamsters, helps to create new pathways to long-term careers right here in New York and a bright future for the Central New York region."
Representative John W. Mannion (NY-22) said: "Anheuser-Busch's $13 million investment in its Baldwinsville Brewery will expand local production while creating new opportunities for workers to build their skills and advance into good-paying manufacturing careers. The new technical training center, combined with the company's successful partnership with New York State, MACNY, and the Teamsters, is exactly the kind of workforce development I've consistently championed because it's a proven model that benefits workers, businesses, and our entire regional economy. I commend Anheuser-Busch for continuing to invest in its Baldwinsville workforce and the future of American manufacturing."
Anheuser-Busch has proudly called New York State home for over 40 years, investing more than $100 million in its Baldwinsville Brewery since 2021, and remains committed to being a key economic driver in New York State. The Baldwinsville Brewery serves as a hub of innovation, and the hundreds of New Yorkers employed at this facility produce more than 50 Anheuser-Busch brands.
ABOUT ANHEUSER-BUSCH
At Anheuser-Busch, our purpose is to create a future with more cheers. For more than 165 years as a leading American manufacturer, we have delivered a legacy of brewing great-tasting, high-quality beers that have satisfied beer drinkers for generations. As the nation's top brewer, one of the fastest growing spirits companies, and an insurgent force in energy drinks, we drive economic prosperity nationwide through investments in our people, facilities, and communities. We are the only alcohol company that invests in the U.S. at this scale.
We make the nation's most iconic beers, ready-to-drink spirits and beyond beer brands, including Michelob ULTRA – America's #1 top-selling and fastest-growing beer – Busch Light, Budweiser, Bud Light, Stella Artois, Cutwater Spirits, NÜTRL Vodka Seltzer, BeatBox, industry-leading craft beers and non-alcohol beers like Michelob ULTRA Zero. We are guided by our commitment to the communities we call home and to the 65,000 hardworking Americans who bring our products to life. That's who we are. For more information, visit www.anheuser-busch.com or follow Anheuser-Busch on LinkedIn, X, Facebook, and Instagram.
AB InBev ve 2. čtvrtletí zvýšil objem piva o 1,1 % a celkové objemy o 0,9 %. Tržby vzrostly o 5,6 %, ale Čína dál tlačí na výsledky, když její tržby klesly o 8,8 %.
Key Takeaways BUD's Q2 beer volumes rose 1.1%, while total volumes increased 0.9% amid global market share gains.Michelob Ultra expanded across the Americas, with 40% of Q2 volume growth coming from outside the U.S.BUD's non-alcoholic beer revenues climbed 27%, led by Corona Cero and Michelob Ultra Zero.
Anheuser-Busch InBev SA/NV (BUD - Free Report) , popularly known as AB InBev, delivered encouraging volume performance in the second quarter of 2026, signaling improving momentum across its global business. The company benefited from market share gains, continued investment in its megabrands and growth across emerging markets. Management believes its more diversified portfolio, spanning core and premium beer, non-alcoholic offerings and Beyond Beer, has positioned BUD to capture demand across more consumer occasions.
Beer volumes increased 1.1% year over year in the second quarter, while total volumes rose 0.9%. Revenues advanced 5.6%, supported by 4.2% growth in revenue per hectoliter, reflecting positive mix and revenue management initiatives. BUD also reported market share gains globally, with record second-quarter volumes in markets including Mexico, Colombia and Ecuador.
Several growth initiatives could help sustain the volume recovery. Michelob Ultra is expanding across the Americas, with 40% of the brand's second-quarter volume growth coming from outside the United States. Meanwhile, non-alcoholic beer revenues climbed 27%, led by Corona Cero and Michelob Ultra Zero. BUD is also expanding its Beyond Beer portfolio, giving the company additional avenues to attract consumers and increase participation across growing beverage segments.
Still, the recovery remains uneven across markets. China continues to be a notable pressure point, with revenues declining 8.8% amid adverse weather, a constrained consumer environment and weakness in the on-premise channel. BUD is investing in its brands, innovation and off-trade execution to improve performance there. With stronger volume trends elsewhere and management shifting its focus from resetting the business toward accelerating its growth levers, sustained execution across key markets will be crucial to determining whether the recent volume improvement develops into a broader recovery.
BUD’s Price Performance, Valuation & EstimatesAB InBev’s shares have lost 0.2% in the past six months compared with the industry’s 3.1% decline.
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From a valuation standpoint, BUD trades at a forward price-to-earnings ratio of 17.07X compared with the industry’s average of 15.13X.
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The Zacks Consensus Estimate for BUD’s 2026 and 2027 earnings per share (EPS) indicates year-over-year growth of 17.2% and 12.3%, respectively. The company’s EPS estimates for 2026 and 2027 have moved upward in the past 30 days.
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AB InBev currently carries a Zacks Rank #3 (Hold).
Stocks to ConsiderDarling Ingredients Inc. (DAR - Free Report) , which is a global developer and producer of sustainable natural ingredients, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Darling Ingredients' current financial-year sales indicates growth of 12.7% from the prior-year level. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
The Coca-Cola Company (KO - Free Report) is a leading beverage company with a portfolio of 32 billion-dollar brands spanning sparkling beverages, water, sports drinks, dairy and value-added beverages. KO currently carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Coca-Cola’s current fiscal-year sales and earnings implies growth of 4.03% and 9.7%, respectively, from the year-ago reported figures. Coca-Cola delivered a trailing four-quarter earnings surprise of 4.6%, on average.
Primo Brands Corporation (PRMB - Free Report) is a leading North American branded beverage company focused on healthy hydration. It currently has a Zacks Rank #2.
The Zacks Consensus Estimate for Primo Brands’ current fiscal-year sales indicates growth of 2.5% from the prior year’s reported levels. PRMB delivered a trailing four-quarter earnings surprise of 7.7%, on average.
Anheuser-Busch InBev SA/NV (BUD) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT
Company Participants
Michel Doukeris - Chief Executive Officer
Fernando Tennenbaum - Chief Financial Officer
Conference Call Participants
Edward Mundy - Jefferies LLC, Research Division
Mitchell Collett - Deutsche Bank AG, Research Division
Robert Ottenstein - Evercore ISI Institutional Equities, Research Division
Jean-Olivier Nicolai - Goldman Sachs Group, Inc., Research Division
Christopher Carey - Wells Fargo Securities, LLC, Research Division
Sanjeet Aujla - UBS Investment Bank, Research Division
Chris Pitcher - Rothschild & Co Redburn, Research Division
Laurence Whyatt - Barclays Bank PLC, Research Division
Robert Vos
Trevor Stirling - Bernstein Institutional Services LLC, Research Division
Presentation
Operator
Welcome to AB InBev's Second Quarter 2026 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, Chief Executive Officer; and Mr. Fernando Tennenbaum, Chief Financial Officer. To access the slides accompanying today's call, please visit AB InBev's website at www.ab-inbev.com and click on the Investors tab and the Reports and Results Center page. Today's webcast will be available for on-demand playback later today. [Operator Instructions]
Some of the information provided during the conference call may contain statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. It is possible that AB InBev's actual results and financial condition may differ possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements.
For a discussion of some of the risks and important factors that could affect AB InBev's future results, see risk factors in the company's latest annual report on Form 20-F filed with the Securities and Exchange Commission on March 3, 2026. AB InBev assumes no obligation to update or revise any forward-looking information provided during the conference call and shall not be liable for
Anheuser-Busch Inbev (BUD - Free Report) reported $16.66 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 11%. EPS of $1.21 for the same period compares to $0.98 a year ago.
The reported revenue represents a surprise of +2.26% over the Zacks Consensus Estimate of $16.29 billion. With the consensus EPS estimate being $1.09, the EPS surprise was +11.01%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Anheuser-Busch Inbev performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Volume in Hectoliters - Middle America: 38,822.00 KhL versus the three-analyst average estimate of 39,102.03 KhL.Volume in Hectoliters - South America: 34,199.00 KhL compared to the 36,814.15 KhL average estimate based on three analysts.Volume in Hectoliters - EMEA: 24,172.00 KhL versus 23,999.03 KhL estimated by three analysts on average.AB InBev Worldwide - Total Volume: 143,347.00 KhL versus 144,023.50 KhL estimated by three analysts on average.Volume in Hectoliters - Global Export and Holding Companies: 62.00 KhL compared to the 74.17 KhL average estimate based on three analysts.Volume in Hectoliters - North America: 22,376.00 KhL versus 21,750.32 KhL estimated by three analysts on average.Revenue- North America: $3.84 billion versus the three-analyst average estimate of $3.9 billion. The reported number represents a year-over-year change of 0%.Revenue- Middle Americas: $4.34 billion versus $4.88 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change.Revenue- Global Export & Holding Companies: $144 million compared to the $159.38 million average estimate based on three analysts. The reported number represents a change of 0% year over year.Revenue- EMEA: $2.49 billion compared to the $2.64 billion average estimate based on three analysts. The reported number represents a change of 0% year over year.Revenue- Asia Pacific: $1.66 billion compared to the $1.6 billion average estimate based on three analysts. The reported number represents a change of 0% year over year.Revenue- South America: $2.53 billion compared to the $3.12 billion average estimate based on three analysts. The reported number represents a change of 0% year over year.View all Key Company Metrics for Anheuser-Busch Inbev here>>>
Shares of Anheuser-Busch Inbev have returned +5.8% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
AB InBev má ve 2. čtvrtletí vykázat tržby 16,3 miliardy USD a EPS 1,09 USD, obojí meziročně vyšší. Růst má podpořit premiumizace a cenotvorba, zatímco Čína a vyšší náklady mohou brzdit marže.
Key Takeaways AB InBev is expected to post Q2 revenues of $16.3B and EPS of $1.09, both rising y/y.Premium brands, pricing and product mix are expected to have supported growth despite mixed regional volumes.China softness, currency swings, and elevated marketing and input costs may limit margin expansion. Anheuser-Busch InBev SA/NV (BUD - Free Report) , also known as AB InBev, is slated to release second-quarter 2026 earnings on July 30, before the opening bell. The leading alcohol beverage company is likely to register year-over-year growth in its top and bottom lines when it reports quarterly numbers.
The Zacks Consensus Estimate for AB InBev’s quarterly revenues is pegged at $16.3 billion, indicating 8.6% growth from the year-ago quarter’s reported number. For second-quarter earnings, the consensus mark is pegged at $1.09 per share, suggesting 11.2% growth from the prior-year reported figure. The consensus mark has been unchanged in the past 30 days.
In the last reported quarter, the company’s earnings per share beat the Zacks Consensus Estimate by 7.8%. It has a trailing four-quarter average earnings surprise of 4.6%.
Factors Likely to Impact BUD’s Q2 ResultsAB InBev’s second-quarter 2026 results are expected to have benefited from disciplined revenue management, continued premiumization and strong brand momentum. The company’s focus on increasing revenue per hectoliter through pricing actions and a favorable product mix, supported by its portfolio of mega brands, is likely to have driven top-line growth. Sustained investments in marketing and brand building, coupled with major global events, are also expected to have strengthened consumer engagement and supported sales in the quarter.
The company’s premium and super-premium portfolio is anticipated to have remained a key growth catalyst. Strong demand for brands such as Corona and Michelob Ultra, along with continued expansion in higher-margin categories, is likely to have supported an improved price mix. The ongoing shift toward premium offerings, complemented by innovation-led product launches, may have helped sustain revenue growth despite mixed volume trends across certain regions.
AB InBev’s expanding presence in the Beyond Beer and non-alcoholic beverage categories is also likely to have contributed to second-quarter performance. These segments continue to gain traction amid evolving consumer preferences and increased demand for differentiated beverage options. Management’s efforts to scale these faster-growing categories are expected to have generated incremental revenues while strengthening the company’s long-term growth prospects.
On the cost front, productivity initiatives and an efficient operating model are expected to have supported profitability. Continued cost-saving measures and operational efficiencies may have partly offset pressures from foreign exchange volatility and elevated input costs. However, increased sales and marketing spending, particularly on global events and brand activations, could have constrained margin expansion during the quarter.
Meanwhile, persistent macroeconomic pressures and region-specific challenges are likely to have weighed on the company’s performance. Volume softness in select markets remains concerning, particularly in China, where inventory adjustments and channel realignment may have pressured revenues. Currency fluctuations and shifting consumer demand patterns could also have affected near-term performance, especially in markets facing uncertain economic conditions.
Q2 Earnings Whispers for BUD StockOur proven model conclusively predicts an earnings beat for AB InBev this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
AB InBev presently has an Earnings ESP of +1.60% and a Zacks Rank #3.
BUD’s Valuation Picture & Stock PerformanceThe stock has a forward 12-month price-to-earnings of 17.53X compared with the five-year high of 22.58X and the Beverages - Alcohol industry’s average of 15.53X.
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The recent market movements show that BUD shares have risen 25.6% in the year-to-date period compared with the industry's 15.9% return. The stock has also underperformed the Zacks Consumer Staples sector and the S&P 500’s growth of 9.4% and 9.2%, respectively.
BUD Stock's Price Performance
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Other Stocks With the Favorable CombinationHere are some other companies that, according to our model, also have the right combination of elements to beat on earnings this reporting cycle.
Fomento Economico Mexicano (FMX - Free Report) currently has an Earnings ESP of +37.42% and sports a Zacks Rank #1. The company is likely to register growth in the top and bottom lines when it reports second-quarter 2026 numbers. The consensus mark for revenues is pegged at $12.9 billion, which indicates a rise of 19.3% from the figure reported in the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for FMX’s quarterly earnings per share of 82 cents implies a surge of 95.2% from the year-ago quarter’s actual. The consensus mark has moved down 10.9% in the past 30 days. FMX has a trailing four-quarter negative earnings surprise of 17%, on average.
Monster Beverage Corporation (MNST - Free Report) currently has an Earnings ESP of +2.61% and a Zacks Rank #3. The company is likely to register growth in the top and bottom lines when it reports second-quarter 2026 numbers. The consensus mark for revenues is pegged at $2.4 billion, which indicates growth of 14.5% from the figure reported in the year-ago quarter.
The Zacks Consensus Estimate for Monster Beverage’s quarterly earnings per share of 59 cents implies a rise of 13.5% from the year-ago quarter’s actual. The consensus mark has been unchanged in the past 30 days. MNST has a trailing four-quarter earnings surprise of 9.6%, on average.
Mondelez International (MDLZ - Free Report) currently has an Earnings ESP of +0.97% and a Zacks Rank #3. The company is likely to register an increase in the top line when it reports second-quarter 2026 numbers. The Zacks Consensus Estimate for MDLZ’s quarterly EPS is pegged at 67 cents, down 8.2% from the year-ago period. The consensus mark has been unchanged in the past 30 days.
The consensus estimate for Mondelez International’s quarterly revenues is pegged at $9.2 billion, which implies an increase of 2.5% from the prior-year quarter. MDLZ has a trailing four-quarter earnings surprise of 5.4%, on average.
AB InBev v 1. čtvrtletí zvýšil tržby z prémiového piva o 11 %, táhly je Corona, Stella Artois a Michelob Ultra. Digitální B2B platformy zároveň tvořily asi 72 % tržeb.
Key Takeaways BUD's digital platforms, including BEES and Ze Delivery, are expanding customer reach and engagement.BUD's B2B digital platforms contributed about 72% of revenues in Q1 2026, supporting growth.BUD's premium beer portfolio posted 11% revenue rise in Q1, led by Corona, Stella Artois and Michelob Ultra. In a fast-evolving beverage environment, Anheuser-Busch InBev SA/NV (BUD - Free Report) , also known as AB InBev, emerges as a distinctively positioned contender, strengthening its foothold in the global alcoholic beverage market. As a global brewing titan, AB InBev continues to dominate the industry through its expansive sourcing and distribution network, strategic focus on premiumization, accelerating digital transformation and consistent investment in brand equity.
AB InBev continues to enhance its digital capabilities to deepen customer engagement, with a strong emphasis on digitizing and monetizing its ecosystem. The company is expanding its tech-driven platforms, particularly its B2B and e-commerce channels like BEES and Zé Delivery. BEES delivered a strong performance, generating $14.6 billion in gross merchandise value (GMV), up 15% year over year. Digital DTC megabrands, Zé Delivery, TaDa Delivery and PerfectDraft, served 12 million active consumers, generating $139 million in revenues in first-quarter 2026, with third-party sales through DTC marketplace reaching $41 million of GMV.
The company’s digital transformation initiatives have been on track, with B2B digital platforms contributing about 72% to its revenues in first-quarter 2026. In DTC, BUD’s digital platforms enable a one-to-one connection with consumers, hence developing new occasions. Digital momentum is likely to continue and bolster the company’s overall revenues.
Premiumization remains a key lever for AB InBev as consumers trade up within beer and it concentrates investment behind its megabrands. In first-quarter 2026, the above core beer portfolio delivered an 11% revenue increase, driven by Corona, Stella Artois and Michelob Ultra. Corona also increased volumes by double digits in 32 markets in the reported quarter, supporting a sustained premium mix contribution. The company has highlighted that its disciplined revenue management and strong portfolio of higher-priced brands support revenue per hl and margin resiliency over time. As AB InBev continues to activate global platforms such as major sports moments and scale premium brands across more markets, it has an opportunity to protect pricing power through the cycle.
BUD’s Price Performance, Valuation and EstimatesAB InBev shares have gained 27.5% in the past six months compared with the industry’s 14.9% growth.
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From a valuation standpoint, BUD trades at a forward price-to-earnings ratio of 17.99X compared with the industry’s average of 15.38X.
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The Zacks Consensus Estimate for BUD’s 2026 and 2027 earnings per share (EPS) indicates year-over-year growth of 16.1% and 11.5%, respectively. The company’s EPS estimates for 2026 have moved upward in the past seven days while that of 2027 have moved downward.
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AB InBev currently carries a Zacks Rank #3 (Hold).
Stocks to Consider in the Consumer Staples SpaceThe Chefs' Warehouse, Inc. (CHEF - Free Report) , which is a distributor of specialty food products in the United States, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Chefs' Warehouse current financial-year sales indicates growth of 8.3% from the prior-year level. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
Nomad Foods Limited (NOMD - Free Report) , which manufactures and distributes frozen foods, currently carries a Zacks Rank #2 (Buy).
The consensus estimate for Nomad Foods’ current financial-year sales is expected to rise 0.5% from the year-ago reported figure. NOMD delivered a trailing four-quarter earnings surprise of 8.6%, on average.
Medifast, Inc. (MED - Free Report) , which is a leading manufacturer and distributor of clinically-proven healthy living products and programs, currently carries a Zacks Rank of 2. MED delivered an average earnings surprise of 65.5% in the last reported quarter.
The Zacks Consensus Estimate for Medifast’s current financial-year sales indicates a decline of 26% from the year-ago number.
