Q3 2024 Anheuser-Busch Inbev SA Earnings Call Transcript
Key Points
- Anheuser-Busch InBev SA/NV (BUD) reported a 7.1% growth in EBITDA with a margin expansion of 169 basis points.
- The company announced a USD 2 billion share buyback program to be executed within the next 12 months.
- Revenue growth was achieved in more than 60% of their markets, with significant contributions from premium and super premium brands.
- In the US, the company gained volume share in the beer industry, driven by brands like Michelob ULTRA and Busch Light.
- The company is expanding its digital ecosystem, with a 14% increase in gross merchandising value and improved customer satisfaction scores.
- Overall volume declined by 2.4% due to a soft consumer environment in China and Argentina.
- Revenue in China declined by 16.1% this quarter, impacted by a weak consumer environment and on-premise channel challenges.
- In Mexico, volumes declined due to adverse weather and a slower economic environment.
- The company faces competitive pressures in Europe, with increased promotional activities by competitors.
- There are ongoing challenges in the low-end market segment in Brazil, where competitors are actively trading share.
Today, Fernando and I will take you through our third-quarter operating highlights and provide you with an update on the progress we have made in executing our strategic priorities. After that, we'll be happy to answer your questions.
Let's start with solid operating performance and the key highlights for the quarter. The global momentum of our business continued this quarter with the consistent execution of our strategy, delivering revenue growth in more than 60% of our markets, and overall EBITDA growth of 7.1% with margin expansion of 169 basis points.
Organic growth in the ongoing optimization of our business delivered another quarter of double-digit underlying dollar EPS growth. As a result of our performance in the first nine months of the year and our continued momentum, we are raising our full-year EBITDA outlook to 6% to 8%.
In addition, we have announced that we will be proceeding with a USD2 billion share buyback program to be executed within the next 12 months.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
