Anheuser-Busch InBev (BUD) CEO Michel Doukeris sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss how the company behind popular beer brands like Budweiser, Bud Light, and Busch is navigating the changing beverage space. "Our company historically grew through acquisitions, and beer consolidated somehow through acquisitions, as did many other sectors.
Anheuser-Busch InBev stock (NYSE: BUD) recently reported its Q3 results, with revenues falling short but earnings exceeding the street estimates. The company reported revenue of $15.05 billion and an adjusted profit of $0.98 per share, compared to the consensus estimates of $15.57 billion and $0.89, respectively.
Bud Light used to be the number one beer brand in the United States — but has since dropped down to third place. The decline happened due to a widespread boycott following conservative backlash against a marketing campaign that included transgender social media personality Dylan Mulvaney.
BUD posts solid earnings results in third-quarter 2024. Organic revenues rise 2.1%, led by the ongoing premiumization and higher revenue per hectoliter.
While the top- and bottom-line numbers for Anheuser-Busch Inbev (BUD) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
24/7 Wall St. Insights While much lower than June of 2022, inflation continues to hammer consumers.
Anheuser-Busch InBev SA/NV (BUD) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Michel Doukeris - Chief Executive Officer Fernando Tennenbaum - Chief Financial Officer Conference Call Participants Robert Ottenstein - Evercore ISI Edward Mundy - Jefferies Sanjeet Aujla - UBS Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Chris Pitcher - Redburn Atlantic Simon Hales - Citi Andrea Pistacchi - Bank of America Celine Pannuti - JPMorgan Operator Welcome to AB InBev's Third Quarter 2024 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr.
American depositary receipts (ADRs) of AB InBev (BUD) slumped 5% Thursday morning as the world's biggest beermaker missed sales estimates on a surprise drop in beer volumes.
AB InBev's third-quarter revenue grew by 2.1% while analysts had expected a 3.45% growth.
Budweiser brewer Anheuser-Busch InBev posted sales volumes that fell by more than analysts had expected, dragged by a weak consumer backdrop in China and Argentina.
BUD's Q3 results are expected to reflect the benefits of premiumization efforts, its diverse brand portfolio, pricing strategies and revenue management plans.
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