Pursuits
AB InBev Plans $1 Billion Buyback as Earnings Miss Estimates
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Anheuser-Busch InBev NV plans to buy back $1 billion of shares after fourth-quarter earnings missed estimates as the world’s biggest brewer spent more on marketing to counter weak U.S. consumption.
AB InBev will repurchase the shares this year, the Leuven, Belgium-based maker of Budweiser, Brahma and Corona said Thursday in a statement. Earnings before interest, taxes, amortization and depreciation, excluding some items, were $5.07 billion, missing the $5.27 billion median estimate in a Bloomberg survey.