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Dear Client: When attending the Missouri/Kansas distrib. associations’ meeting last week, one wholesaler pulled me aside and asked, “Why are you guys always reporting how terrible the business is….. We know!” He said it jokingly, (I think), but it gives us no pleasure reporting the facts. In fact, I admitted to the Missouri and Kansas distributors that I personally am shocked that we did not have a great summer selling season, (and predicted it back in January on a public
Halfway Through 10-Year Plan, A-B Sizes Billions of Run Room in Newer Spaces
Dear Client: Anheuser-Busch InBev used its 2026 Capital Markets Day in St. Louis this week (which kicked off Tuesday) to declare the halfway point of its 10-year plan, moving from the first-half phase it calls “Re-Set” into its “next” growth phase, dubbed “Re-Ignite.” For the next half-decade, CEO Michel Doukeris vowed to keep compounding results while spending more to accelerate. The financials are in good shape. Nominal EBITDA has grown from $19.2bn in 2021 to $22.4bn over the last twelve
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