Monday Morning -- May 15, 2023

Locator: 44651INV. 

Locator: 44651BUD.

OKE-MMP: with the announcement, I will be making a change to my portfolio. Because this is not an investment site, no further information for now.

Recession? Movers and shakers are super-bullish. Whoo-hoo! Link here.  

BUD: just saw a "new"Bud ad -- "Get Up" -- ESPN. 8:45 a.m. CT.  No Clydesdales. Only two late-20-something males. A 15-second ad?

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source. 

BUD: for the archives, link here.

1Q23: prior to Mulvaney.

The Mulvaney story broke May 11/12, 2023.

We can compare 2Q23 with 1Q23 three months from now.

From the link:

Budweiser-owner Anheuser-Busch InBev on Thursday, May 4, 2023, reported a jump in profit for the first quarter, saying the beer industry had proved resilient despite inflationary pressures.

The Belgium-based brewing giant — the biggest in the world — reported core profit of $4.76 billion, up by 13.6% from the first quarter of 2022. The rise compared to a 5.6% consensus estimate published by the company. Underlying profit attributable to shareholders came in at $1.3 billion, up from $1.2 billion during the same quarter last year.Revenues rose 13.2% year-on-year to $14.2 billion, just ahead of a forecast of $14.1 billion, according to Refinitiv data.

The company said this was achieved through “pricing actions” and nudging customers towards its premium products, as sales volumes rose by just 0.9% over the period. Own-beer volumes were 0.4% higher, and non-beer volumes were up 3.6%.

Revenues from non-alcoholic beers were up by 30% in the quarter. The firm also said sales growth in its core beer portfolio was strong outside of the U.S., its biggest market, boosted by the return of consumer demand in China and continued growth in India.

AB InBev also owns brands including Beck’s, Corona and Stella Artois.