EPISODE · Jul 31, 2026 · 5 MIN
AB InBev Sets the Benchmark
from AlcBev in Five
AB InBev Reports Second Quarter 2026 Results. The world's largest brewer published its Q2 results, setting the volume and pricing benchmark other AlcBev prints this week get read against. (Anheuser-Busch InBev, Financial Post, The Montreal Gazette) Ambev Beats on Profit, Misses on Revenue in Q2. Latin America's largest brewer topped earnings expectations while sales came in short, per its Q2 2026 call transcript, a margin-versus-volume split. (Investing.com) Bev-Alc Declines Persist in Latest NIQ Weekly Scans. Year-over-year bev-alc declines continued through the summer event window, per NIQ data reported by Brewbound, the current off-premise demand read. (Brewbound) MGP Ingredients Reports Second Quarter 2026 Results. The distilling and food-ingredient supplier posted results for the quarter ended June 30, giving an upstream read on brown-goods and contract distilling demand. (MGP Ingredients) Also moving today: Anheuser-Busch InBev Says Cutwater Is on Track for $1B as Spirits Gain Share (BevNET, Brewbound) A-B’s US Depletions -1.9%, Shipments -0.6% in Q2; Cutwater 2nd Largest Revenue Growth Contributor (Brewbound) Alcohol consumption in Ireland falls in 2025 (The Spirits Business) British booze getting weaker (Mail Online) Radico Khaitan profits jump 27.7% in Q1 (The Spirits Business) Get AlcBev in Five in your inbox every weekday: https://alcbevinfive.com
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What this episode covers
AB InBev's release puts second-quarter organic revenue up 5.6 percent on 0.9 percent volume growth, with underlying EPS up 23.4 percent and no-alcohol beer revenue up 27 percent, the largest print the rest of the week's results get read against. Ambev beat on profit and missed on revenue, per an Investing.com account of its earnings call, with Brazil volumes up 5 percent and shares closing down 1.77 percent, while MGP Ingredients reported its second quarter without detailing figures in the portion of its release available. Brewbound, citing NIQ weekly scans, reports continued year-over-year declines in beverage alcohol off-premise, plus quick hits on Cutwater's billion-dollar track, falling Irish consumption, lower average drink strength in Britain, and a record quarter at Radico Khaitan.
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AB InBev Sets the Benchmark
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