Top 100 Food and Beverage Company Highlights: #4 Anheuser-Busch InBev
AB InBev reported a strong performance in Q2 after organic revenue grew by 27.6% to $13.53 billion. Despite the ongoing Covid-19 pandemic, the company delivered revenue growth of 3.2% versus the same quarter in 2019. Its ‘Beyond Beer’ business continued to rise, with revenue growth of 45%, delivering an average gross profit per hl that is 20% higher than the firm’s traditional beer business. Carlos Brito stepped down as CEO after 15 years at the helm, succeeded by North America zone president Michel Doukeris.
The company sold a 49.9% stake in its US-based metal container plants to an Apollo Global Management-led group for approx. $3 billion, which it claimed aligns with its deleveraging commitments by generating proceeds to repay debt. In April 2021, the company’s ZX Ventures announced a new R&D partnership with Clara Foods, focusing on unlocking the potential of precision fermentation at a large scale. It also announced an investment in RTD cocktail company Canteen Spirits.