Anheuser-Busch InBev SA/NV (BUD) Stock Analysis & Winston Score

Anheuser-Busch InBev is the largest beer company in the world. It brews and sells hundreds of beer brands, including Budweiser, Bud Light, Corona, Stella Artois, and Michelob Ultra. Its customers are everyday consumers, and it sells through bars, restaurants, grocery stores, and convenience stores across the globe. The company makes money by brewing beer and selling it to distributors and retailers, who then sell it to consumers. It operates in over 50 countries, with especially strong positions in the United States, Brazil, Mexico, and China. Its scale gives it a significant cost advantage over smaller brewers, and its portfolio of globally recognized brands is difficult for competitors to replicate. The key risk the company faces is a long-term decline in beer consumption in developed markets, as younger consumers increasingly shift toward spirits, cannabis, and non-alcoholic drinks.