Loading...
Loading...
- Anheuser-Busch InBev SA (NYSE: BUD) reported third-quarter FY22 sales growth of 12.1% year-on-year to $15.09 billion, missing the consensus of $15.16 billion.
- Total volumes grew by 3.7%, with own beer volumes up by 3.4% and non-beer volumes up by 5.2%. Revenue per hl grew 8%.
- The company reported a 12.7% increase in combined revenues of its global brands, Budweiser, Stella Artois, and Corona, outside of their respective home markets in 3Q22.
- Gross profit expanded 6.2% organically to $8.2 billion, and gross margin contracted 300 basis points to 54.5%.
- Normalized EBITDA for the quarter was $5.3 billion, with the margin contracting to 35.2%.
- It reported an Underlying EPS of $0.84 and Normalized EPS of $0.81.
- Outlook: Anheuser-Busch InBev expects its FY22 EBITDA to grow 6%-8% and revenue to grow ahead of EBITDA from a healthy combination of volume and price.
- Net pension interest expenses and accretion expenses are expected to be $170 million - $200 million.
- It sees FY22 capital expenditure of $4.5 billion - $5 billion.
- Price Action: BUD shares are trading higher by 6.25% at $50.17 in premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in