By WSJ Staff
Anheuser-Busch InBev shares soared after the Budweiser brewer said it continued to win market share in the U.S. last quarter.
The beer company said gains in North America were driven by its Michelob Ultra and Busch Light brands, after it used cost savings to invest more in marketing.
Overall, the world's largest brewer reported a 0.8% increase in fourth-quarter revenue in the U.S.
Improvements in the U.S. offset lingering weakness in China, putting AB InBev's Belgium-listed stock on course for its biggest one-day percentage gain in more than three years.
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(END) Dow Jones Newswires
February 26, 2025 07:25 ET (12:25 GMT)
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