Belgian brewer Anheuser-Busch InBev has reported its first increase in drink sales since 2023, driven by strong performances from major brands like Corona and Michelob Ultra. This resurgence has led to nearly a 7% rise in the company’s shares as it posted revenues and profits that exceeded forecasts. Overall volumes increased by 0.8%, contrasting previous expectations of a decline.

CEO Michel Doukeris highlighted the resilience of the beer market, despite facing weaker demand in key markets. The company’s top brands, including higher-end labels such as Corona and Stella Artois, contributed significantly to revenue increases. Additionally, AB InBev’s foray into non-beer beverages paid off, with a remarkable 37% revenue growth from products like the canned cocktail brand Cutwater.

The company has also seen success in Mexico, a crucial market where it surpassed competitors, including Heineken, aided by favorable timing around the Easter holiday. Analysts note that while some of this growth may be attributed to calendar effects, AB InBev’s strategic focus on key brands has proven effective.

Looking ahead, investors are optimistic about 2026, anticipating a rebound for the brewing industry after a challenging year in 2025. Despite ongoing challenges, including inflationary pressures and competition from beer alternatives, AB InBev maintains its full-year guidance and anticipates exceeding competitors like Heineken and Carlsberg in growth. The company reported a 5.3% organic increase in operating profit for the first quarter, surpassing the expected 2.6% growth.