Why Is Anheuser-Busch InBev Stock Soaring Tuesday? - Anheuser-Busch InBev (NYSE:BUD)
Revenue rose 5.8% and adjusted earnings reached 97 cents a share, beating analyst estimates and lifting shares near a 52-week high.
- On Tuesday, Anheuser-Busch InBev reported first quarter revenue of $15.267 billion, topping Street estimates, while adjusted earnings of 97 cents per share beat the 89-cent consensus.
- Total beer volumes increased 1.2%, with record first quarter volumes in Mexico, Colombia, Brazil, South Africa and Peru, while Combined revenues from megabrands rose 8.2%.
- Underlying profit rose to $1.923 billion from $1.606 billion a year earlier, while EBITDA increased 5.3% as disciplined overhead management offset foreign exchange headwinds.
- Shares of the company surged 10.24% to $81.48 on Tuesday, trading near the 52-week high of $81.56 according to Benzinga Pro data.
- Management expects EBITDA to grow between 4% and 8% annually, while projecting Net finance costs between $190 million and $220 million per quarter.
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14 Articles
Non-Alcoholic Beer Buoys Spirits for AB InBev Investors
To tweak a famous proclamation delivered by one Homer J. Simpson: Teetotaling may be the cause of, and solution to, all of AB InBev’s problems. Shares of the beermaker soared after it reported modest sales growth in its most recent quarter on Tuesday, driven in large part by surging demand for non-alcoholic and non-beer options. What’s All This Brew-haha About? When we say modest growth, we mean it. Sales volume increased just 0.8% for the brewi…
Why Anheuser-Busch InBev Rallied Today
Key PointsAB-InBev handily beat analyst estimates in the quarter. Beer volumes actually increased, defying the industry headwinds. AB-InBev has done a good job of maximizing price increases and developing new healthier and no-alcohol brands. 10 stocks we like better than Anheuser-Busch InBev/NV › Shares of beer giant Anheuser-Busch InBev (NYSE: BUD) rallied 8.7% on Tuesday. Talk about a nice Cinco de Mayo for AB-InBev, which hadn't gotten back t…
On Tuesday, the Brussels Stock Exchange had one of its best sessions. The Bel20 index increased by 1.64%. ...
Why Is Anheuser-Busch InBev Stock Soaring Tuesday? - Anheuser-Busch InBev (NYSE:BUD)
Anheuser-Busch InBev SA (NYSE:BUD) shares rose Tuesday after the brewer reported first-quarter results that exceeded Wall Street expectations, supported by steady demand, premiumization, and pricing gains across key markets. AB InBev’s portfolio includes Budweiser, Bud Light, Michelob, Natural Light, and Busch, plus global brands like Stella Artois and Corona, craft labels like Goose Island, and beverages such as hard seltzers and canned cocktai…
AB InBev CEO Michel Doukeris on Q1 results, state of alcohol demand and growth outlook
Michel Doukeris, Anheuser-Busch InBev CEO, joins 'Squawk Box 'to discuss the company's quarterly earnings results, what's behind the rise in beer sales, growth in the non-alcohol sector, impact of GLP-1s on alcohol demand, and more.
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