Anheuser-Busch InBev posts H1 earnings beat, revenue miss

1st Aug 2024 12:59

(Sharecast News) - Beer giant Anheuser-Busch InBev said on Thursday that interim underlying earnings had come in ahead of analysts' expectations despite reporting revenues that fell short of estimates.

Anheuser-Busch said revenues came to $15.33bn for the three months ended 30 June, lower than the $15.49bn expected on the Street.

However, margin recovery drove a 10.2% growth in EBITDA, more than the 9.24% growth expected. Adjusted earnings per share of $0.90 also beat estimates of $0.86 per share.

"Our global momentum continued this quarter. The strength of our diversified footprint and consumer demand for our megabrands delivered another quarter of broad-based top- and bottom-line growth," said chief executive Michel Doukeris,

As of 1445 BST, Anheuser-Busch shares were up 3.72% at $61.69 each.

Reporting by Iain Gilbert at Sharecast.com