Categories Consumer, Earnings

AB InBev Q1 earnings rise amid solid organic revenue growth

Anheuser-Busch Companies (NYSE: BUD), the manufacturer of popular beer brand Budweiser, Tuesday reported an increase in first-quarter earnings, supported by strong sales in key markets like Brazil and China.

Earnings of the Belgium-based beverages company, excluding special items, climbed to $1.27 per share in the March-quarter from $0.73 per share a year earlier. Unadjusted net profit attributable to stockholders was $3.57 billion or $1.80 per share, up from $1.02 billion or $0.52 per share reported in the first quarter of 2018.

Reported revenues declined 4% year-over-year to $12.6 billion during the three-month period. The top-line was broadly in line with analysts’ forecast. Meanwhile, there was a 5.9% organic revenue growth, reflecting the strong sales performance in key markets including Brazil, China, the US, Europe, Colombia, and Nigeria.

There was a 5.9% organic revenue growth, reflecting the strong sales performance in key markets including Brazil, China, the US, Europe, Colombia, and Nigeria

Looking ahead, the company expects to deliver strong revenue and EBITDA growth in fiscal 2019, supported by improved brand performance and commercial plans. Cost of sales per hl is expected to increase by mid-single digits, with cost management initiatives offsetting the currency and commodity headwinds.

Average gross debt coupon is expected to be between 3.75-4% in fiscal 2019, while the normalized effective tax rate is forecast to be in the range of 25% to 27%. The estimate for net capital expenditure is $4- 4.5 billion. Dividends are expected to grow over time, although growth in the short term is expected to be modest due to deleveraging commitments.

Related: Anheuser-Busch InBev Q4 2018 Earnings Conference Call Transcript

The company’s shares dropped about 1.5% early Tuesday, after closing the previous session lower. The stock has gained 33% since the beginning of the year.

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top