The following is a summary of the Anheuser-Busch InBev SA/NV (BUD) Q3 2024 Earnings Call Transcript:
Financial Performance:
AB InBev reported a revenue increase of 2.1% this quarter driven by revenue management choices and ongoing premiumization.
EBITDA grew by 7.1% with a margin expansion of 169 basis points.
Organic EBITDA growth resulted in an underlying EPS of $0.98 per share, marking a 14% increase.
Business Progress:
AB InBev witnessed revenue growth in over 60% of its markets and saw substantial volume share gains from its beer portfolio in the U.S., led by Michelob ULTRA and Busch Light.
Announced a $2 billion share buyback program to be executed over the next 12 months.
Expanding their digital platform BEES, capturing approximately $12.1 billion in gross merchandising value, a 14% increase year-over-year.
Opportunities:
The non-alcohol beer segment represented by Corona Cero saw volumes and revenues more than doubling, evidencing significant market share gains.
Premium and super premium brands delivered growth, accounting for about 57% of revenue in certain markets.
Risks:
Volume declines due to soft consumer environments in China and Argentina, with an overall volume decline of 2.4%.
Adverse weather and economic slowdowns impacted operations in Middle Americas.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
