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AB InBev gains from push to premium
Anheuser-Busch InBev NV said premium beers such as Michelob Ultra will push sales above its forecast
Anheuser-Busch InBev NV said premium beers such as Michelob Ultra will push sales above its forecast as it works to meet next week’s deadline for submitting a formal $106 billion bid for SABMiller Plc. Organic revenue will rise faster than inflation, the world’s biggest brewer said in a statement on Friday, having previously predicted that growth will match that of consumer prices. The Budweiser maker said the boost to sales will more than offset a corresponding increase in costs caused by pushing pricier brews.
See more at Source | Beverage World | Bloomberg