Anheuser-Busch InBev Shares Gain On Q3 Revenue Beat, Positive Outlook

Anheuser-Busch InBev SA BUD reported third-quarter FY21 organic sales growth of 7.9% year-on-year, to $14.27 billion, beating the analyst consensus of $13.8 billion.
Total volumes grew by 3.4%, with own beer volumes up by 2.8% and non-beer volumes up by 7.8%. Revenue per hl grew 4.3%.
Combined revenues of three global brands, Budweiser, Stella Artois, and Corona, rose 5% Y/Y.
Gross profit expanded 5.3% organically to $8.2 billion, and gross margin contracted 142 basis points to 57.7%.
Normalized EBITDA for the quarter increased 3% organically to $5.2 billion, with the margin contracting 174 basis points to 36.5%.
It reported an Underlying EPS of $0.85 and Normalized EPS of $0.50, versus the consensus of $0.66.
Outlook: Anheuser-Busch InBev expects its EBITDA outlook to grow 10-12% for FY21 and its revenue to grow ahead of EBITDA from a healthy combination of volume and price.
Price Action: BUD shares are trading higher by 8.29% at $61.91 in premarket on the last check Thursday.

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