The earnings call presented a mix of significant achievements, including strong EBITDA growth, market share gains in key regions, and successful digital platform expansion. However, challenges in China and Argentina, along with a decline in overall volumes, indicated areas of concern. The positive financial performance and strategic initiatives outweighed these challenges.

Company Guidance

During the AB InBev Q3 2024 earnings call, key metrics and guidance provided highlighted the company's robust performance and strategic initiatives. The company reported a global revenue growth of 2.1% for the quarter, with an EBITDA growth of 7.1% and a margin expansion of 169 basis points. Encouraged by the performance in the first nine months, AB InBev raised its full-year EBITDA outlook to 6% to 8%. Total revenue per hectoliter grew by 4.6%, although overall volumes declined by 2.4%, primarily due to challenging consumer environments in China and Argentina. The company announced a USD 2 billion share buyback program to be executed over the next 12 months, reflecting strong cash flow and confidence in its long-term growth strategy. AB InBev's commitment to sustainability was emphasized, with a 46% improvement in scopes 1 and 2 emissions per hectoliter since 2017, and a water use efficiency ratio of 2.47 hectoliters per hectoliter. The company also saw growth in its digital platforms, with $12.1 billion captured in gross merchandising value and a 51% increase in third-party product sales through its BEES marketplace.

EBITDA Growth and Margin Expansion

Overall EBITDA growth of 7.1% with margin expansion of 169 basis points.

Revenue Growth in Majority of Markets

Revenue growth in more than 60% of markets with an increase in revenue per hectoliter of 4.6%.

Successful Share Buyback Program

Announcement of a $2 billion share buyback program to be executed within the next 12 months.

U.S. Market Share Gains

EBITDA growth of 13.7% in the U.S. with margin improvement of 375 basis points, driven by brands like Michelob ULTRA and Busch Light.

Digital Platform Expansion

BEES platform capturing $12.1 billion in gross merchandising value, a 14% increase year-over-year.

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Anheuser-Busch Inbev Sa (BUD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BUD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	0.72 / -	0.82	―	―	―
Oct 31, 2024	2024 (Q3)	0.92 / 0.98	0.86	13.95% (+0.12)
Aug 01, 2024	2024 (Q2)	0.85 / 0.90	0.72	25.00% (+0.18)
May 08, 2024	2024 (Q1)	0.66 / 0.75	0.65	15.38% (+0.10)
Feb 29, 2024	2023 (Q4)	0.77 / 0.82	0.98	-16.33% (-0.16)
Oct 31, 2023	2023 (Q3)	0.83 / 0.86	0.81	6.17% (+0.05)
Aug 03, 2023	2023 (Q2)	0.68 / 0.72	0.73	-1.37% (-0.01)
May 04, 2023	2023 (Q1)	0.59 / 0.65	0.67	-2.99% (-0.02)
Mar 02, 2023	2022 (Q4)	0.78 / 0.98	0.9	8.89% (+0.08)
Oct 27, 2022	2022 (Q3)	0.77 / 0.81	0.5	62.00% (+0.31)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BUD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$62.91	$59.37	-5.63%
Aug 01, 2024	$59.50	$61.26	+2.96%
May 08, 2024	$60.57	$62.99	+4.00%
Feb 29, 2024	$61.78	$59.72	-3.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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