Anheuser-busch Inbev ( (BUD) ) has released its Q3 earnings. Here is a breakdown of the information Anheuser-busch Inbev presented to its investors.
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Anheuser-Busch InBev (AB InBev) is a global brewing company headquartered in Leuven, Belgium, known for its extensive portfolio of over 500 beer brands including Budweiser, Corona, and Stella Artois. AB InBev operates in the beverage sector, with a focus on both developed and emerging markets.
In the third quarter of 2024, AB InBev reported a notable financial performance with a 7.1% increase in normalized EBITDA and a 14% growth in underlying EPS. The company achieved a revenue increase of 2.1%, driven by a 4.6% rise in revenue per hectoliter, despite a 2.4% decline in total volumes.
Key highlights include a 3.1% revenue growth from its megabrands, particularly Corona, which saw a 10.2% increase outside its home market. The company’s digital platforms also played a significant role, with BEES capturing 72% of the revenue and generating $140 million through direct-to-consumer channels.
Strategically, AB InBev continues to focus on premiumization, digitalization, and optimizing its business operations. The company announced a $2 billion share buyback program, reflecting its confidence in future growth and financial stability.
Looking ahead, AB InBev maintains a positive outlook, expecting a 6-8% growth in FY24 EBITDA. The company aims to leverage its diversified global presence and strategic initiatives for sustained long-term growth.