AB InBev: sales disappoint, but profits please

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


The world's leading brewer announced this morning a 2.7% increase in sales for the quarter, to $15.3 billion, compared with the consensus forecast of $15.5 billion.

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 the second quarter, its normalized Ebitda rose by 10% to $5.30 billion, exceeding the consensus target of $5.28 billion.

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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