Anheuser-Busch InBev (NYSE:BUD) said sales of beer brand Michelob Ultra helped the world's largest brewer offset a slump in demand for Bud Light in the US following marketing backlash. The company has increased marketing efforts for Michelob Ultra, which is sponsoring Team USA at the Olympic Games in Paris.
Although the revenue and EPS for Anheuser-Busch Inbev (BUD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Anheuser-Busch InBev SA/NV (BUD) Q2 2024 Earnings Conference Call August 1, 2024 7:00 AM ET Company Participants Michel Doukeris - CEO Fernando Tennenbaum - CFO Conference Call Participants Edward Mundy - Jefferies Rob Ottenstein - Evercore ISI Sanjeet Aujla - UBS Olivier Nicolai - Goldman Sachs Andrea Pistacchi - Bank of America Chris Pitcher - Redburn Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Sarah Simon - Morgan Stanley Trevor Stirling - Bernstein Operator Welcome to AB InBev's Second Quarter 2024 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr.
Anheuser-Busch InBev (BUD) reported higher second-quarter sales and profit Thursday, despite lower total volume of its iconic beer brands.
AB InBev's (BUD) Q2 results are expected to reflect strong demand for its brand portfolio, pricing actions, premiumization and revenue management initiatives, offset by higher costs.
When your reputation is in tatters, being able to pull your company up out of the ashes takes a Herculean effort. Certainlyit is not easy.
Anheuser-Busch InBev-owned lager has seen its luster fade following the boycott over its Dylan Mulvaney ad partnership.
Bud Light fell to third place in U.S. beer sales as Michelob Ultra took its place behind the top-selling Modelo, reinforcing the impact of the 2023 Bud Light boycott, which toppled the brand from its No. 1 spot.
AB InBev (BUD) is on track with its premiumization efforts, digital expansion, Beyond Beer strategy and other revenue-management initiatives. These position it for long-term growth.
Consumer staples stocks have been frustrating many investors in 2024. The year started with optimism that consumer spending was about to be unleashed due to interest rate cuts.
The stock price of Anheuser-Busch InBev (NYSE: BUD) trades at $60 per share, about 25% below its peak level of around $80 seen in mid-June 2021. In contrast, its peer Diageo stock (NYSE: DEO) saw a 35% decline over this period.
Anheuser-Busch InBev (NYSE:BUD) (ABI) stock moved higher on Monday after the beer maker was upgraded by UBS analysts. ABI closed 2.9% higher just shy of $61.