Players in the Zacks Beverages – Alcohol industry are grappling with inflation and rising costs for commodities and logistics, leading to increased operational expenses from heightened advertising and marketing spend. These elevated costs are likely to persist and may squeeze the profit margins of alcohol producers.Despite these challenges, the industry is benefiting from the demand for premium, high-quality products and innovative spirits. Strong momentum in spirits and ready-to-drink (RTD) cocktails is dr ...

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Bud Light cans are seen in the store in Montreal, Canada on June 16, 2023. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesAnheuser-Busch InBev stock (NYSE: BUD) recently reported its Q3 results, with revenues falling short but earnings exceeding the street estimates. The company reported revenue of $15.05 billion and an adjusted profit of $0.98 per share, compared to the consensus estimates of $15.57 billion and $0.89, respectively. Despite an earnings beat, BUD stock de ...

Bud Light used to be the number one beer brand in the United States — but has since dropped down to third place. The decline happened due to a widespread boycott following conservative backlash against a marketing campaign that included transgender social media personality Dylan Mulvaney.The effects of the boycott were immediate and significant — in the month following the airing of the advertisement, sales plummeted by double digits, and estimates from earlier this year peg total losses at a staggering $1. ...

Anheuser-Busch InBev SA/NV (BUD) , aka AB InBev, reported solid results in third-quarter 2024. The company’s earnings beat the Zacks Consensus Estimate and improved year over year. Top and bottom-line growth reflected positive business momentum, owing to the strength of its diversified footprint and consumer demand for its megabrands.AB InBev reported an underlying EPS (normalized EPS, excluding mark-to-market gains and losses related to the hedging of share-based payment programs, and the impacts of hyperi ...

Anheuser-Busch Inbev (BUD) reported $15.05 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.4%. EPS of $0.98 for the same period compares to $0.86 a year ago. The reported revenue represents a surprise of -3.84% over the Zacks Consensus Estimate of $15.65 billion. With the consensus EPS estimate being $0.90, the EPS surprise was +8.89%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

Anheuser-Busch InBev SA/NV (BUD) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Michel Doukeris - Chief Executive Officer Fernando Tennenbaum - Chief Financial Officer Conference Call Participants Robert Ottenstein - Evercore ISI Edward Mundy - Jefferies Sanjeet Aujla - UBS Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Chris Pitcher - Redburn Atlantic Simon Hales - Citi Andrea Pistacchi - Bank of America Celine Pannuti - JPMorgan Operator Welcome to AB InBev's T ...

Key TakeawaysAB InBev missed third-quarter revenue expectations as the brewer posted a surprise drop in beer volumes.U.S. sales were positive for the first time since before the controversy over the company's relationship with transgender influencer Dylan Mulvaney led to a Bud Light boycott.AB InBev announced a $2 billion share repurchase. American depositary receipts (ADRs) of AB InBev (BUD) slumped 5% Thursday morning as the world's biggest beermaker missed sales estimates on a surprise drop in beer volum ...

Anheuser-Busch InBev SA/NV (BUD) , also known as AB InBev, is slated to release third-quarter 2024 earnings on Oct. 31. The leading alcohol beverage company is likely to register year-over-year revenue and earnings growth when it reports third-quarter 2024 results.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for AB InBev’s third-quarter revenues is pegged at $15.6 billion, suggesting 0.2% growth from the year-ago quarter’s reported number. For third-q ...

America's Leading Brewer Continues Ongoing Investments in its U.S. Manufacturing Capabilities, Building on $2 Billion Spend over Last 5 Years  ST. LOUIS, Oct. 22, 2024 /PRNewswire/ -- Anheuser-Busch (NYSE:BUD), America's leading brewer and maker of Michelob ULTRA, Busch Light, Budweiser, and Bud Light, today announced a new $8 million investment in its St. Louis brewery. Over the last 5 years, Anheuser-Busch has invested nearly $2 billion in its facilities across the country to help create and sustain jobs ...