Anheuser-Busch InBev Q1 2024 Adj EPS $0.75 Beats $0.67 Estimate, Sales $14.547B Beat $14.415B Estimate
Portfolio Pulse from Benzinga Newsdesk
Anheuser-Busch InBev (NYSE:BUD) reported Q1 2024 adjusted EPS of $0.75, surpassing the $0.67 estimate, and sales of $14.547B, exceeding the $14.415B estimate. This represents a 15.38% increase in EPS and a 2.35% increase in sales from the same period last year.
May 08, 2024 | 5:47 am
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Anheuser-Busch InBev reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.75 against a $0.67 estimate and sales of $14.547B against a $14.415B estimate.
Beating both EPS and sales estimates significantly, especially with a 15.38% increase in EPS year-over-year, indicates strong financial health and operational efficiency. This outperformance is likely to instill investor confidence, potentially leading to a positive short-term impact on BUD's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100