BUD Earnings Prediction
The chart below shows how BUD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BUD sees a -1.34% change in stock price 10 days leading up to the earnings, and a +0.38% change 10 days following the report. On the earnings day itself, the stock moves by +1.36%. This data can give you a slight idea of what to expect for the next quarter's release.
BUD Key Earning Data
BUD Earnings Analysis
Positive
Record U.S. Dollar Revenues: Global momentum continued with all-time high U.S. dollar revenues, achieving $59.8 billion, with growth in 75% of markets.
EBITDA Growth and Margin Expansion: EBITDA grew at the top end of the outlook, reaching nearly $21 billion, with margin expansion across all five operating regions.
EPS Growth and Cost Management: Underlying U.S. dollar EPS increased by 15%, reflecting strong profit growth and effective cost management.
Free Cash Flow Increase: Free cash flow generation increased by $2.5 billion, reaching $11.3 billion, demonstrating improved cash management and operational efficiency.
Debt-to-EBITDA Improvement: Net debt-to-EBITDA ratio improved to 2.89x, below 3x for the first time since 2015, enhancing capital allocation flexibility.
Dividend Increase Proposal: The Board proposed a full-year dividend of €1 per share, a 22% increase compared to last year, signaling confidence in future performance.
Revenue Growth Strategies: Total revenue grew by 2.7%, driven by effective revenue management and premiumization strategies, with revenue per hectoliter growth of 4.3%.
FTR Volume Growth: In North America, FTR volumes grew in the fourth quarter, with market share gains driven by key brands like Michelob ULTRA and Busch Light.
Market Performance Highlights: In Mexico, record-high volumes were achieved, and in Colombia, the company gained share of total alcohol, indicating strong performance in key markets.
EBITDA Growth in Europe: In Europe, EBITDA increased by mid-teens, with volumes growing slightly and outperforming the industry in five of six key markets.
Premium Beer Segment Growth: The premium beer segment is forecasted to grow volumes at more than double the rate of the overall category, with brands like Corona leading the growth.
Sales and Marketing Investments: Investments in sales and marketing reached $7.2 billion, focusing on mega brands and driving efficiency through digital platforms.
Marketplace GMV Growth: The BEES marketplace delivered $2.5 billion in GMV, a 57% increase, showcasing the success of digital initiatives.
Future Growth Potential: The company is well-positioned to capture future category growth, with a diversified geographic footprint and leadership in premium segments.
Negative
Volume Decline Analysis: Total volume performance in 2024 was constrained by a soft consumer environment in China and Argentina, leading to a total volume decline of 1.4%.
Market Challenges in China: Despite overall revenue growth, the company faced challenges in specific markets, particularly in China, where they underperformed the industry due to a soft consumer environment.
China Market Performance Issues: The company acknowledged that the performance in China does not reflect their full potential, indicating ongoing struggles in that market.
EBITDA Growth vs. EPS Headwind: While EBITDA grew, the company faced a headwind from transactional effects that impacted underlying EPS growth, with a $0.26 per share headwind noted.
Debt Deleveraging Progress: The company is still in the process of deleveraging, indicating that they have not yet fully resolved their debt situation despite improvements in their net debt-to-EBITDA ratio.
High Comparison Base Impact: The first quarter of 2025 is expected to have a high comparison base due to technical factors, which may impact growth expectations for that period.
BUD FAQs
How does BUD typically perform around its earnings report dates?
BUD's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -1.34% change leading up to the report and a +0.38% change in the 10 days following the release.
