Our portfolio is regaining momentum with growth in key brands, such as Michelob ULTRA, Busch Light, Kona, Nütrl and Cutwater. Together with our wholesaler partners, we remain laser-focused on executing our long-term strategy. In South Africa, we again delivered record high first quarter volumes with double-digit top and bottom line growth and margin expansion. Volumes increased by mid-single digits, continuing to outperform the industry in both beer and total alcohol. Our performance was driven by our super ...

Anheuser-Busch Inbev (BUD) reported $14.55 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 2.4%. EPS of $0.75 for the same period compares to $0.65 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $14.41 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of +8.70%, with the consensus EPS estimate being $0.69.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

After March showed a promise of recovery for Anheuser-Busch InBev (NYSE: BUD), the parent company of Bud Light, which suffered a significant stock price decline due to a boycott triggered by a controversial marketing campaign, its newest earnings report has sparked optimism.Specifically, Anheuser-Busch InBev has published strong first-quarter performance results that saw a 2.6% increase in revenues and a better-than-expected earnings before interest, taxes, depreciation, and amortization (EBITDA) and volume ...

AB InBev, the brand behind Budweiser and Corona beers, reported their Q1 2024 financial results today.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Comparatively, year-on-year, the company saw less revenue growth year-on-year than in 2023, but underlying profits increased. Underlying profits upCopy link to sectionThe company’s underlying profit (that is, the profit attributable to equity holders excluding non-underlying items and hyperinflation) was ...

AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024.Shares of Belgium's AB InBev rose 5% Wednesday morning after the company posted higher revenue and profit in the first quarter, as analysts said it had escaped the drag from a year-long boycott of its Bud Light brand relatively unscathed.The world's biggest brewer, whose brands include Corona and Stella Artois, notched a 2.6% revenue increase year-on-year to $14.55 billion in the first quarter, nar ...

Anheuser-Busch InBev SA/NV (BUD) , also known as AB InBev, is slated to release first-quarter 2024 earnings on May 8. The leading alcohol beverage company is likely to register year-over-year revenue and earnings growth when it reports first-quarter 2024 results.The Zacks Consensus Estimate for AB InBev’s first-quarter revenues is pegged at $14.4 billion, suggesting 1.4% growth from the year-ago quarter’s reported number. For first-quarter earnings, the consensus mark is pegged at 72 cents per share, sugges ...

Sell Any Rally Now and Grab These Passive Income Dividend Kings ptasha / iStock via Getty Images The stock market has been on a massive roll since last October. The S&P 500 and the Nasdaq finished the first quarter up over 10%, and the venerable Dow Jones Industrial added almost 6%. It was also a sweet first quarter for stock investors. However, some dark clouds may be on the horizon, and the first two trading weeks of the second quarter hinted at just that. Stocks got crushed as yields exploded double-di ...

There’s a proverb that states idle hands are the devil’s workshop, which makes sin stocks so compelling. Humans engage in certain practices, whether that involves imbibing or gambling as a means to let off some steam.Yes, the concept undergirding sin stocks is controversial. I don’t think there’s any way of getting around this reality. Not surprisingly, many ethical portfolios avoid enterprises that cover areas such as alcohol, tobacco and gambling, among other “vices.”Still, there’s another argument that s ...

6 of the Highest-Yielding S&P 500 Stocks Offer Huge Passive Income ShutterstockProfessional / Shutterstock.com Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or a portfolio consists of income and stock appreciation.At 247 Wall St., we always remind our readers about the impact ...

Players in the Zacks Beverages – Alcohol industry have been facing hardships due to inflation, and higher commodity and logistics costs. The industry participants have been keen on spending on advertising and marketing, which has resulted in higher operational costs. These elevated costs are likely to persist and may hurt the margins of the alcohol makers.However, companies in the alcohol space are poised to benefit from the robust demand for premium and high-quality products, and innovative spirits. The di ...