Anheuser-Busch (BUD) Earnings Highlight: EPS +7.5%, 2026 Op Margin Guidance 4%-8%

Anheuser-Busch InBev (BUD) reported fourth quarter sales up 2.5% and earnings per share up 7.5%, both exceeding estimates, with 2026 operating profit guidance pinned at 4%–8% growth. Fourth-quarter volume declined 1.5% amid shifting consumer preferences toward healthier, more affordable options. CEO Michel Doukeris noted Corona Extra is the top-selling SKU at the Beijing Winter Olympics, with 50% of concession sales, and Michelob Ultra Zero and sugar-free options forming a balanced-choices platform to meet evolving demand.