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 -0.13% 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
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.84B
2.54%
-1.36%
Gross Margin
55.23%
2.56%
-0.67%
Operating Margin
27.55%
7.66%
1.32%
Net Margin
11.39%
-27.36%
-31.14%
EPS
0.56
-35.63%
-45.63%
No Data Available
BUD Earnings Analysis
Anheuser-Busch Inbev SA Corporation (BUD.N) Earnings Conference Call
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.
