Three of the world’s largest brewers had good news about the global beer market this past week. Further progress depends on bars and restaurants staying open, though, and things don’t look positive in Europe.

Budweiser’s owner Anheuser-Busch InBev, Heineken and Carlsberg all beat analyst expectations for the amount of beer sold over the summer, according to third-quarter results. AB InBev and Carlsberg are also recovering profits faster than anticipated. Heineken made less progress on margins, but the company’s new boss plans…

This post first appeared on wsj.com

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