Budweiser Parent Anheuser-Busch InBev's Revenue Management Initiatives Pays Off In Q3, Revenue Per Hl Surge 9.0%
Portfolio Pulse from Shivani Kumaresan
Anheuser-Busch InBev SA/NV (NYSE:BUD) reported Q3 FY23 sales growth of 5% YoY to $15.57 billion, missing the analyst consensus estimate of $15.73 billion. Total volumes declined by 3.4%, with own beer volumes down by 4% and non-beer volumes up by 1.4%. Revenue per hl grew 9%. The company had about 66% of revenue through B2B digital platforms and over $125 million revenue was generated by the digital direct-to-consumer ecosystem. BUD shares are trading higher by 4.09% at $56.24 in premarket on the last check Tuesday.
October 31, 2023 | 11:51 am
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Anheuser-Busch InBev reported a 5% YoY sales growth in Q3 FY23, missing estimates. Despite a decline in total volumes, the company saw a 9% growth in revenue per hl. BUD shares are up 4.09% in premarket trading.
Despite missing sales estimates and a decline in total volumes, Anheuser-Busch InBev saw a growth in revenue per hl, indicating successful revenue management. This, along with the company's digital initiatives, could be driving the positive investor sentiment, reflected in the premarket trading increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100