• Nine-month sales climb 4% to US$41.8bn
  • Net profits jump 50% to $5.9bn (not accounting for SABMiller takeover)
  • Q3 sales up 4% to $14.7bn
  • Net profits jump 89% to $2.6bn (not accounting for SABMiller takeover)
  • YTD global volumes and beer volumes flat
  • Q3 global volumes and beer volumes down 1%
  • Anheuser-Busch InBev's YTD 2017 by region - results data
Corona was the best performer of AB InBevs global beer brands

Corona was the best performer of AB InBev's global beer brands

Corona has outshone Anheuser-Busch InBev's other global beer brands to drive solid nine-month sales growth for the brewer.

Q3 sales for the Mexican beer brand jumped 10%, with an 11% growth in sales outside of Mexico, AB InBev said today. The lift helped push AB InBev's overall Q3 and YTD net sales up 4% despite ongoing challenges in the US. The sales figures use a reference base for 2016 that account for the acquisition of SABMiller in October last year.

Corona was by far the best performer of AB InBev's three global brands - which also includes Stella Artois and Budweiser - benefiting from high consumer demand for Mexican lager. The Corona brand has also performed well in the US, where it is owned by Constellation Brands. This month, Constellation said it would roll out nation-wide its new low-calorie, low-carbohydrate Corona Premier.

In comparison, AB InBev's Stella Artois Q3 global sales were up just 1%, while Budweiser declined by 2% as it continued to lose share in the US. 

AB InBev said US challenges were exacerbated by recent hurricanes Harvey and Irma in Texas and Florida, which impacted its sales to wholesalers (STWs). The brewer's STWs were down 6% in Q3 compared to a 4% drop in the YTD. Net sales for the US, which are based on STWs, were down 6% in Q3 and 3% in the year so far.

AB InBev is not the only beverage producer to cite Harvey and Irma in results releases. Yesterday, Dr Pepper Snapple Group said the hurricanes - along with the recent earthquake in Mexico - took US$8.7m off its Q3 net sales.

There was continued good news for AB InBev's Michelob Ultra brand in the US. The lower-calorie, low-carb beer increased volumes by double-digits in Q3 and was the top share gainer in the US for the tenth consecutive quarter.

In Brazil, a recovery appeared to be underway, as Q3 sales lifted by 9%, driving a 2% increase for the YTD. The increases came despite a fall in volumes, as AB InBev focussed on its premium portfolio.

The company said it believed that the sales growth in the quarter signalled "a return to sustainable growth" for Brazil.

"We remain cautiously optimistic about the Brazilian economy, and are confident in our commercial plans," AB InBev added.

To read AB InBev's official results release, click here.