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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AB InBev continues to benefit from its strong brand portfolio, premiumization efforts, digital transformation and the Beyond Beer approach.
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