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Hard Seltzers Help Bud Brewer Regain Some Sparkle

February 26, 2021

On Thursday, the world's biggest brewer said those efforts were paying off, as sales at its "beyond beer" unit, which includes hard seltzer, ready-to-drink cocktails and other products, grew double digits to top over $1 billion. Revenue on a reported basis dropped to $12.77 billion from $13.33 billion a year earlier. Net profit jumped to $2.27 billion from $114 million a year earlier, when results were hit by higher finance costs.