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Budweiser Brewing Co. APAC Ltd. (HK:1876)
:1876
Hong Kong Market
1876
Budweiser Brewing Co. APAC Ltd.
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Budweiser Brewing Co. APAC Ltd. (1876) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Jul 30, 2026
After Close (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
0.16
Last Year’s EPS
0.09
Same Quarter Last Year
Analyst Consensus
Strong Buy
Based on 14 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:May 05, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
Mixed results: the company achieved a return to volume growth (0.1%) and showcased strong market performance in India and rapid growth in O2O channels, along with targeted product launches and a new CFO with clear priorities. However, near-term profitability deteriorated—normalized EBITDA down 8.1% and margin contraction of 246 bps—driven by increased commercial investment and weak performance in China and Korea (China EBITDA -10.9%, Korea volumes and EBITDA down low teens). Management frames investments as temporary to rebuild volumes, leaving a balanced outlook between recovery momentum and short-term margin pressure.
Company Guidance
Management guided a 2026 focus on stabilizing China volumes, improving execution and delivering value while continuing to invest across channels and the premium portfolio; in Q1 APAC volumes were +0.1%, revenue -0.7% and revenue/hl -0.8%, normalized EBITDA -8.1% with normalized EBITDA margin down 246bps, China volumes -1.5%, China revenue -4.0% and revenue/hl -2.5% (China normalized EBITDA -10.9%), South Korea volumes down low‑teens with revenue down mid‑single digits but revenue/hl up low‑single digits (EBITDA down low‑teens), India delivered strong double‑digit volume and revenue growth, O2O/in‑home grew strong double‑digits, cost/hl improved ~0.8% in Q1, and management expects further 2026 investment (no price increases announced), a Korea recovery in Q2 and continued capital allocation discipline (organic investment, M&A optionality and dividend continuity — noting the recent $750m dividend / ~USD0.0566 per share).
APAC Volume Returned to Growth
Total Bud APAC volumes increased by 0.1% in Q1 2026, marking a return to positive growth after multiple quarters of decline.
Strong Performance in India
India delivered strong double-digit volume and revenue growth, gained total market share, and drove premium and super-premium portfolio expansion; states' tax moderation (e.g., Maharashtra, Karnataka) improved beer competitiveness vs. hard liquor.
Improving Trends in China
China volume decline narrowed quarter-over-quarter with volumes down 1.5% in Q1 2026 (improving sequentially). Management reported progress expanding in-home distribution and growing premium brand distribution.
O2O and Emerging Channel Growth
Online-to-offline (O2O) channel in China grew strong double digits in Q1, supporting premiumization and in-home route-to-market expansion.
Product and Marketing Initiatives
Accelerated national expansion of Budweiser Magnum (nationwide campaign with Erling Haaland / FIFA World Cup platform) and launched Harbin 1900 targeting the Core++ (RMB 8–10) segment—examples of targeted product innovation and marketing investment.
New CFO and Clear Strategic Priorities
Appointed Bernardo Novick (effective April 1); CFO priorities: 1) growth (stabilize China volumes), 2) improved execution (route-to-market, in-home), 3) value creation (cost control, unit-economics).
Unit Cost Improvement
Cost per hectoliter decreased by 0.8% in Q1 2026, driven by efficiency improvements, partially offset by commodity headwinds.
Consistent Capital Allocation and Dividend Track Record
Management reiterated the capital allocation hierarchy—invest in business first, then M&A, then shareholder returns—and highlighted consistent dividend actions including a $750 million dividend for 2025 and prior dividends (~USD 0.0566 per share historically).

Budweiser Brewing Co. APAC Ltd. (HK:1876) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
Daily Earnings Calendar >

HK:1876 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Jul 30, 2026
2026 (Q2)
0.16 / -
0.094―――
May 05, 2026
2026 (Q1)
0.09 / 0.14
0.1410.00% (0.00)―
Feb 12, 2026
2025 (Q4)
0.03 / 0.00
0――
Oct 29, 2025
2025 (Q3)
0.09 / 0.08
0.141-44.44% (-0.06)――
Jul 30, 2025
2025 (Q2)
0.16 / 0.09
0.157-40.00% (-0.06)――
May 07, 2025
2025 (Q1)
0.14 / 0.14
0.172-18.18% (-0.03)――
Feb 25, 2025
2024 (Q4)
0.05 / 0.00
0.047―――
Oct 30, 2024
2024 (Q3)
0.16 / 0.14
0.157-10.00% (-0.02)――
Jul 31, 2024
2024 (Q2)
0.16 / 0.16
0.165-4.76% (>-0.01)――
May 08, 2024
2024 (Q1)
0.16 / 0.17
0.18-4.35% (>-0.01)――
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

HK:1876 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 05, 2026
HK$7.46HK$7.65+2.52%
Feb 12, 2026
HK$7.37HK$7.47+1.40%
Oct 29, 2025
HK$7.91HK$7.53-4.76%
Jul 30, 2025
HK$8.25HK$7.77-5.82%
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 Budweiser Brewing Co. APAC Ltd. (HK:1876) report earnings?
Budweiser Brewing Co. APAC Ltd. (HK:1876) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
    What is Budweiser Brewing Co. APAC Ltd. (HK:1876) earnings time?
    Budweiser Brewing Co. APAC Ltd. (HK:1876) earnings time is at Jul 30, 2026, After Close (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 the P/E ratio of Budweiser Brewing Co. APAC Ltd. stock?
          The P/E ratio of Budweiser Brewing Co. APAC Ltd. is N/A.
            What is HK:1876 EPS forecast?
            HK:1876 EPS forecast for the fiscal quarter 2026 (Q2) is 0.16.