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Anheuser-Busch InBev SA/NV (BUD) reported first-quarter 2025 revenues of $13.6 billion, down 6.3% year-over-year, but achieved organic revenue growth of 1.5% across 50% of its markets. The company’s megabrand revenues increased by 4.4%, driven largely by strong performance from the Corona brand. Notably, its Beyond Beer portfolio saw a 16.6% revenue rise in the same period.
The Boston Beer Company, Inc. (SAM) posted a net revenue increase of 6.5% for the first quarter of 2025, spurred by pricing and volume gains, with a shipment volume of 1.7 million barrels. However, it faced a 1% decline in depletions year-over-year and anticipates adverse tariff impacts of $20-$30 million in 2025, leading to a potentially reduced earnings per share by $1.25-$1.90.
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