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Stella Artois brewer AB InBev cheers record sales in spite of China hit

AB InBev, the world’s largest brewer, reported record annual revenues of $59.77 billion in 2024, despite a significant decline in China. The company attributed its success to strong sales of premium brands like Corona and Michelob Ultra. Underlying operating profits rose 8.2% to $20.96 billion. While China saw a 19% volume drop in the final quarter and an 11.9% revenue decline for the year, AB InBev expressed confidence in its future performance. Experts noted the resilience of the company but flagged concerns over China’s ongoing market slowdown.
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