Anheuser-Busch InBev posts Q1 volume growth, beats revenue and EPS estimates, but North America sales dip.

Anheuser-Busch InBev (BUD) reported its first quarter of volume growth since 2023, surpassing revenue and earnings per share expectations. The company saw strong revenue gains in its non-alcoholic and non-beer segments, though North American volumes fell by 3.1%, raising concerns about performance in key markets. Despite a fair valuation around $82.25 per share, the stock's price-to-earnings ratio of 22.95 and moderate dividend yield limit its upside potential. Ongoing challenges include high fuel costs, changing consumer preferences, and risks related to premium brands, leading to a hold rating for the stock.