Anheuser-Busch InBev reported an increase in beer sales last quarter, the first time the company saw an increase in three years, according to CNBC.
The Belgian company said it was due to Corona and Michelob Ultra experiencing growth.
The announcement of the 0.8% volume increase spurred a 7% rise in share prices.
Brand Stella Artois was also cited as a revenue lifter, as were non-beer drinks like canned cocktail Cutwater, which saw revenue increase 37%.
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Mexico, a key market, also saw a bump in its market.
AB InBev said it will outperform rivals such as Heineken and Carlsberg this year, keeping its full-year guidance unchanged, despite challenges like inflation and the Iran war driving up gas prices.
