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Anheuser-Busch Inbev Sa (BUD)
NYSE:BUD
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.93Last Year’s EPS
0.81Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized disciplined execution and multiple positive financial and strategic outcomes — EPS growth, EBITDA and margin expansion, strong momentum in Beyond Beer, non-alcohol and BEES Marketplace, significant buybacks and a higher dividend — while acknowledging ongoing volume headwinds, a notable revenue decline in China, and transactional FX/hedging pressures. Management highlighted improving momentum into late Q4 and early 2026 and reiterated mid-term outlook, but cautioned on near-term phasing and market-specific challenges.Company Guidance
Underlying EPS and Profit Growth
Underlying EPS of $3.73, up 6% in U.S. dollars and 9.4% in constant currency; underlying profit increased by $350 million. Dollar-based EPS has grown at a CAGR of 6.7% since 2021.
EBITDA Growth and Margin Expansion
EBITDA increased 4.9% year-over-year with margin expansion of 101 basis points, with margin improvement across 4 of 5 operating regions.
Topline and Revenue-per-Unit Improvement
Revenue per hectoliter rose 4.4%, driving top-line growth of 2%; revenue increased in 65% of markets.
Strong Growth in Beyond Beer and Non-Alcohol Portfolio
Beyond Beer revenue grew 23% and the non-alcohol beer portfolio increased revenue by 34%; non-alcohol beer gaining share in ~70% of top 14 markets.
Digital Ecosystem Momentum — BEES and DTC
BEES captured $53 billion in GMV (up 12% year-over-year); BEES Marketplace GMV grew 61% to $3.5 billion. DTC consumer base reached 12.3 million, up 11%.
Free Cash Flow, Capital Allocation and Balance Sheet Progress
Solid free cash flow enabled $3.2 billion completed share buybacks and an ongoing $6 billion buyback program; repurchased $2.7 billion of debt; leverage improved to 2.87x despite a $2.8 billion FX headwind; Board proposed final dividend EUR 1/share, combined dividend +15% year-over-year.
Mega Brands and Innovation Driving Premiumization
Mega brands have grown revenue at a 10% CAGR since 2021 and now represent 57% of revenues. Innovations (packaging, brands, liquids) contributed 11% of total revenue in 2025. Corona volumes doubled since 2018 and grew double digits in 30 markets in 2025.
Regional Operational Wins
U.S. gained share in beer and spirits with Michelob ULTRA and Busch Light as top volume share gainers; Cutwater grew triple digits. Mexico delivered mid-single-digit top- and bottom-line growth; Colombia delivered double-digit EBITDA growth; Brazil returned to volume growth in December; South Africa delivered mid-single-digit revenue and EBITDA growth.
BUD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BUD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $77.26 | $80.20 | +3.81% |
Oct 30, 2025 | $61.32 | $59.89 | -2.33% |
Jul 31, 2025 | $66.41 | $57.55 | -13.33% |
May 08, 2025 | $65.37 | $66.87 | +2.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Anheuser-Busch Inbev Sa (BUD) report earnings?
Anheuser-Busch Inbev Sa (BUD) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Anheuser-Busch Inbev Sa (BUD) earnings time?
Anheuser-Busch Inbev Sa (BUD) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BUD EPS forecast?
BUD EPS forecast for the fiscal quarter 2026 (Q1) is 0.93.
