Core Insights - Anheuser-Busch Inbev reported a revenue of $13.63 billion for Q1 2025, reflecting a year-over-year decline of 6.3% and an EPS of $0.81, up from $0.75 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $13.85 billion, resulting in a surprise of -1.61%, while the EPS exceeded expectations by 5.19% [1] Financial Performance Metrics - The company’s stock has returned +7% over the past month, compared to the Zacks S&P 500 composite's +11.3% [3] - Anheuser-Busch Inbev holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3] Volume and Revenue Breakdown - Volume in Hectoliters for Middle America was 35,081 KhL, slightly above the average estimate of 35,003.87 KhL [4] - South America reported a volume of 40,891 KhL, exceeding the estimated 38,980.93 KhL [4] - EMEA volume was 20,752 KhL, below the average estimate of 21,367.04 KhL [4] - Total worldwide volume was 136,268 KhL, slightly above the average estimate of 135,732.7 KhL [4] - North America revenue was $3.36 billion, down 6.4% year-over-year and below the estimated $3.46 billion [4] - Middle Americas revenue was $3.78 billion, a decline of 6.6% year-over-year, compared to the estimated $3.81 billion [4] - South America revenue was $2.98 billion, down 7.9% year-over-year, slightly above the estimated $2.94 billion [4] - EMEA revenue was $1.97 billion, below the estimated $2.05 billion [4] - Asia Pacific revenue was $1.45 billion, down 11.3% year-over-year, compared to the estimated $1.50 billion [4] - Global Export & Holding Companies revenue was $86 million, down 21.1% year-over-year, below the estimated $107.91 million [4]

Core Viewpoint - Analysts forecast Anheuser-Busch Inbev (BUD) to report quarterly earnings of $0.77 per share, reflecting a year-over-year increase of 2.7%, while revenues are expected to decline by 4.8% to $13.85 billion [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 1% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Revenue from South America is estimated at $2.94 billion, indicating a year-over-year decline of 9% [5] - Revenue from Middle Americas is projected to reach $3.81 billion, reflecting a decrease of 6.1% from the previous year [5] - North America revenue is expected to be $3.46 billion, down 3.7% year-over-year [5] - Asia Pacific revenue is forecasted at $1.50 billion, showing an 8% decline [6] - Global Export & Holding Companies revenue is anticipated to be $107.91 million, down 1% from the year-ago quarter [6] Volume Estimates - Volume in Hectoliters for Middle America is expected to be 35,003.87 KhL, down from 35,690 KhL in the same quarter last year [7] - South America volume is projected at 38,980.93 KhL, compared to 40,347 KhL a year ago [7] - Asia Pacific volume is estimated to reach 20,031.95 KhL, down from 21,045 KhL in the previous year [8] - North America volume is expected to be 20,291.13 KhL, compared to 21,353 KhL last year [8] - Global Export and Holding Companies volume is forecasted at 76.99 KhL, up from 70 KhL in the same quarter last year [9] Stock Performance - Shares of Anheuser-Busch Inbev have increased by 8.4% in the past month, outperforming the Zacks S&P 500 composite, which saw a 0.4% increase [9] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [9]

Core Viewpoint - AB InBev is expected to report year-over-year earnings growth for Q1 2025, despite a projected decline in revenues compared to the previous year [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for AB InBev's quarterly revenues is $13.9 billion, reflecting a 4.8% decline from the same quarter last year [2]. - The consensus estimate for earnings per share (EPS) is 77 cents, indicating a 2.7% increase from the prior-year figure [2]. - The earnings estimate has remained stable over the past 30 days, with the company having a trailing four-quarter average earnings surprise of 11.7% [2]. Factors Influencing Q1 Results - AB InBev's results are anticipated to benefit from strategic measures such as pricing actions, premiumization, and revenue management initiatives [3]. - Strong consumer demand for its brand portfolio and investments in digital transformation are expected to drive top-line momentum [3][4]. - The company's focus on premium beer offerings aligns with consumer preferences, contributing positively to performance [4]. Cost and Economic Challenges - Elevated costs from commodity inflation, supply-chain issues, and long-term growth investments are expected to impact results negatively [5]. - A challenging macroeconomic environment, particularly in China and Argentina, along with currency and interest rate fluctuations, may also weigh on performance [5]. Earnings Prediction Model - The current model does not predict a definitive earnings beat for AB InBev, with an Earnings ESP of -1.91% and a Zacks Rank of 3 [6]. Valuation and Stock Performance - The stock has a forward 12-month price-to-earnings ratio of 16.83X, compared to a five-year high of 25.58X and the industry average of 16.26X [7]. - Year-to-date, AB InBev shares have increased by 29.8%, outperforming the industry growth of 7.5% [8].

Since 2021, Anheuser-Busch InBev ( BUD ) has done very little for its shareholders, apart from delivering a low dividend of around 1.8%. Widening the perspective, the share price has decreased in value for its owners since the SABMillerI am a dedicated financial risk manager and investor specializing in financials, consumer, and technology industries. I have been involved in the investing world for over seven years, making deep analyses and managing different types of portfolios.I believe in deep research, ...

Group 1 - Anheuser-Busch InBev SA/NV (BUD) is set to report earnings on May 8, with significant changes in operational conditions expected [1] - The upcoming earnings report will provide insights beyond just quarterly numbers, indicating a shift in the company's operational landscape [1] Group 2 - The company is under scrutiny for its performance metrics and competitive positioning in the market [1]

Core Insights - Anheuser-Busch has produced its 100 millionth can of emergency drinking water, highlighting its commitment to disaster relief efforts since 1988 [1][4] - The company is investing over $6 million to enhance capabilities at its Fort Collins brewery, which will improve the production of both beer and emergency drinking water [3][4] Investment and Production - The $6 million investment aims to strengthen Anheuser-Busch's brewing and packaging capabilities, further supporting its disaster relief initiatives [3] - Anheuser-Busch's breweries in Fort Collins, Colorado, and Cartersville, Georgia, are dedicated to producing emergency drinking water year-round to ensure availability during disasters [4] Partnerships and Community Impact - Anheuser-Busch collaborates with the American Red Cross and the National Volunteer Fire Council (NVFC) to deliver emergency drinking water to communities in need [5][6] - The company plans to deliver 1.5 million cans of emergency drinking water to over 630 volunteer fire departments across 45 states as part of its annual campaign [5] Historical Context - Anheuser-Busch has paused beer production at all 12 of its U.S. breweries at various times to produce emergency drinking water, demonstrating its long-standing commitment to community support [4] - More than 10% of the 100 million cans produced have been distributed to fire departments, providing essential resources and cost savings for these organizations [6]

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Shares of Anheuser-Busch InBev SA/NV (BUD) , alias AB InBev, have been doing well for a while, thanks to its robust strategic measures. Over the past three months, BUD shares have gained 25%, comfortably outperforming the broader Consumer Staples sector and the Zacks Beverages - Alcohol industry’s growth of 15.3% and 5.5%, respectively. The stock also surpassed the S&P 500 index’s drop of 10.2% in the same period.BUD’s Growth Efforts Bode WellThe company’s relentless execution, investment in brands and acce ...

Investment Rating - The report does not explicitly state an investment rating for the beer industry, but it discusses the high-end market growth and potential investment opportunities in this segment. Core Insights - The high-end beer market in China has entered a mid-stage of development, with significant growth in large single products and an expanding premium price segment [3][9]. - The report predicts a slowdown in the high-end trend from 2023 to 2024, with an optimistic CAGR of 7.33% for beer prices in China from 2022 to 2027 [4][6]. - The overall beer market has stabilized, with low-price competition failing to generate growth, making high-end upgrades the long-term driver for price increases in the industry [5][9]. Summary by Sections Industry Price and Volume Review - The beer industry in China has undergone three phases: growth (2000-2012), contraction (2013-2017), and a decline in production (2018-2023) [11][24]. - During the growth phase, revenue increased from 446 billion to 1612 billion CNY, with a CAGR of 11.3% driven by volume growth [11]. - The contraction phase saw a slight decline in revenue, with a CAGR of -0.7%, as low-end price wars failed to yield significant market share [11][24]. - The current phase (2018-2023) is characterized by a focus on high-end products, with revenue growth returning to 1863 billion CNY, reflecting a CAGR of 4.8% [11][24]. High-End Market Review - The high-end market has expanded significantly, with major domestic manufacturers developing large single products that have reached scales exceeding 400,000 tons [3][9]. - The competition in the high-end segment remains dynamic, with the potential for major shifts in market share as brands establish their flagship products [3][9]. - The report emphasizes that the high-end market's growth is supported by an increase in middle-income consumers and urbanization, which enhances purchasing power [35][36]. Price Forecasting - The report forecasts that the average price of beer in China will grow at a CAGR of approximately 7.33% from 2022 to 2027, aligning with historical trends observed in the U.S. beer market [4][6][73]. - The price increase is attributed to structural upgrades in product offerings and the ability of manufacturers to implement price increases effectively [70][71]. Competitive Landscape - The competitive landscape has shifted from volume-based competition to brand strength and product differentiation, particularly in the high-end segment [80]. - The report notes that the high-end beer market is increasingly dominated by younger consumers who prioritize quality over price, indicating a shift in consumer preferences [38][43]. Long-Term Drivers - The core consumer demographic (ages 20-50) is identified as a long-term driver of beer consumption, with changes in consumer preferences and income levels influencing demand [19][22]. - The report highlights that the growth of the middle class and urbanization are critical factors supporting the transition to premium beer consumption [35][36].