Budweiser Parent Anheuser-Busch Achieves Robust Q2 Revenue And EBITDA Growth, Thanks To Corona
Portfolio Pulse from Akanksha Bakshi
Anheuser-Busch InBev (NYSE:BUD) reported strong Q2 2024 results with a 2.7% organic revenue growth to $15.333 billion, beating estimates. Despite a slight decline in total volumes, revenue per hl grew by 3.6%. The company's megabrand Corona saw a 5.6% growth outside its domestic market. Gross profit and EBITDA also saw significant increases. The company expects its 2024 EBITDA to grow in line with its medium-term outlook of 4%-8%. BUD shares are trading higher by 2.37%.
August 01, 2024 | 2:42 pm
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Anheuser-Busch InBev (NYSE:BUD) reported strong Q2 2024 results with a 2.7% organic revenue growth to $15.333 billion, beating analyst estimates. Despite a slight decline in total volumes, revenue per hl grew by 3.6%. The company's megabrand Corona saw a 5.6% growth outside its domestic market. Gross profit and EBITDA also saw significant increases. The company expects its 2024 EBITDA to grow in line with its medium-term outlook of 4%-8%. BUD shares are trading higher by 2.37%.
The strong Q2 results, driven by revenue growth and significant contributions from the Corona brand, have positively impacted BUD's stock price. The company's ability to beat analyst estimates and its positive outlook for EBITDA growth further support a positive short-term impact on the stock.
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IMPORTANCE 90
RELEVANCE 100