Anheuser-Busch Q3 Beats, But Beer Volume Drops Globally
Portfolio Pulse from Nabaparna Bhattacharya
Anheuser-Busch Inbev (NYSE:BUD) reported Q3 earnings that beat expectations but saw a decline in global beer volumes. Despite a 2.1% top-line growth and a 7.1% increase in EBITDA, shares fell 5.9% due to missed sales estimates and volume declines. The company announced a $2 billion share buyback and raised its 2024 EBITDA growth outlook.
October 31, 2024 | 2:37 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Anheuser-Busch Inbev reported Q3 earnings that exceeded EPS expectations but missed on sales, leading to a 5.9% drop in share price. The company announced a $2 billion share buyback and raised its 2024 EBITDA growth outlook.
Despite beating EPS expectations, Anheuser-Busch missed sales estimates and reported a decline in global beer volumes, leading to a negative market reaction with shares dropping 5.9%. The announcement of a $2 billion share buyback and an improved 2024 EBITDA outlook could provide some support, but the immediate impact is negative due to the sales miss and volume decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100