Why Anheuser-Busch InBev Rallied Today
Shares of beer giant Anheuser-Busch InBev (NYSE: BUD) rallied 8.7% on Tuesday.
Talk about a nice Cinco de Mayo for AB-InBev, which hadn't gotten back to today's stock level since early 2020.
Like its peers, AB-InBev has struggled with societal headwinds in which people are generally consuming less alcohol. However, AB-InBev appears to have the brands and marketing that resonated with consumers last quarter. The company's better-than-expected revenue and earnings growth last night suggested it is swallowing up market share from competitors.
Source Fool.com
