AB InBev Meets Profit Forecasts
Anheuser-Busch InBev reported third-quarter profit meeting forecasts as rising commodity and transport costs weighed on margins. The world largest brewer saw organic operating profit rise despite ongoing pressures.
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ANHEUSER-BUSCH INBEV SA/NV posted a 3.9% rise in organic operating profit on Thursday morning, meeting third-quarter forecasts as higher costs weighed on margins. The global brewer joined peers in flagging escalating cost pressures stemming from the ongoing conflict in Iran. Rising expenses for energy, diesel, and aluminum eroded gains, pushing the company's cost of sales to $7.21 billion.
