AB InBev: sales disappoint, but profits please

(CercleFinance.com) - AB InBev reported lower-than-expected Q2 sales on Thursday, but better-than-expected earnings, boosting its share price.


This morning the world's leading brewer announced a 2.7% increase in Q2 sales, to $15.3bn, albeit below the consensus of $15.5bn.

The owner of the Budweiser, Corona and Stella Artois brands explained that its beer sales had fallen by 0.8% in volume terms over the April-June period.

But the group says it benefited from efficiency gains in production costs and rigorous management of overheads,

In Q2, its normalized Ebitda rose by 10% to $5.30bn, exceeding the consensus target of $5.28bn.

For 2024, AB Inbev said it expects Ebitda to grow in line with its medium-term outlook of between 4% and 8%.

The share price rose by around 0.8% following these announcements.


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