Why Bud Light Parent AB InBev Shares Are Taking A Hit Today
Portfolio Pulse from Akanksha Bakshi
Anheuser-Busch InBev SA/NV (NYSE:BUD) reported Q4 fiscal 2023 revenue of $14.473 billion, missing consensus estimates of $15.49 billion, with a 6.2% organic growth year-over-year. Total volumes declined by 2.6%, with own beer volumes down 3.6%. U.S. revenues fell 17.3% Y/Y, largely due to Bud Light's volume decline. Gross profit and normalized EBITDA saw organic growths of 5.3% and 6.2%, respectively. The company executed $870 million of its $1 billion share repurchase program. BUD shares dropped 3.28% to $60.40.
February 29, 2024 | 4:05 pm
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Anheuser-Busch InBev reported lower than expected Q4 revenue and a significant decline in U.S. sales, primarily due to Bud Light's performance. Shares dropped 3.28%.
The missed revenue expectations and the notable decline in U.S. sales, especially from a flagship product like Bud Light, directly impact investor sentiment and stock performance. The share price reaction reflects concerns over growth prospects and market challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100