Corona-maker beats profit forecasts on higher prices

Brewers ranging from Heineken to Carlsberg have been raising prices to offset higher costs for aluminum, energy and grains.

AB InBev boosted pricing by 12% in the quarter and its premium beers outperformed.

Budweiser, Corona, and Stella Artois-maker, Anheuser-Busch InBev, reported profit growth that beat analysts’ estimates on the strongest pricing in at least a decade.

First-quarter adjusted earnings climbed 14% to $4.8bn (€4.3bn), said the world’s largest brewer, whose Bud Light brand got caught up in a marketing controversy last month. Volumes returned to growth after a dip in the fourth quarter of 2022.