The Budweiser brewer reported earnings that beat analysts’ expectations, boosted by higher prices and improvements in the U.S. that offset lingering weakness in China.

Beer giant Anheuser-Busch InBev on Wednesday reported forecast-beating fourth quarter profits, even as a slowdown in the Chinese beer market dragged volumes down. Pricier labels like Corona and Michelob Ultra helped AB InBev grow revenues to an all-time high.

Key Takeaways North American sales helped Anheuser-Busch InBev beat analysts' estimates for quarterly earnings and revenue.The beer giant's U.S. sales were boosted by demand for Michelob Ultra and Busch Light brands.