Anheuser-Busch InBev: 3 Key Takeaways for Long-Term Investors

Anheuser-Busch InBev reported 22% underlying EPS growth to $1.21 per share in Q3 2026, raising its interim dividend to 0.40 euros per share. The company is driving growth through non-alcoholic beer expansion into new customer demographics, strong free cash flow enabling shareholder returns via a $6 billion buyback program, and premium pricing on mega brands like Corona and Michelob ULTRA which grew net revenue 7.7%. Management faces headwinds from volume declines in China and higher transportation costs in North America.