Anheuser-Busch InBev (BUD) reported solid third-quarter earnings, beating analyst expectations on EPS but missing on revenue. The company’s top-line growth was fueled by premiumization and revenue management efforts, leading to increased market share in several regions. Despite a slight decline in overall volume, the company raised its 2024 outlook and announced a $2 billion share buyback program. However, BUD shares are trading lower today due to concerns about the global macroeconomic environment.