logo
  

Anheuser-Busch InBev Q2 Profit Surges On Strong Volume; Backs FY21 View - Quick Facts

Belgian brewer Anheuser-Busch InBev (AHBIF.PK,BUD) reported Thursday that its second-quarter profit attributable to equity holders was $1.86 billion, up from $351 million last year. Earnings per share were $0.93, up from $0.18 a year ago.

Normalized profit attributable was $1.91 billion, higher than $921 million last year. Normalized earnings per share were $0.95, higher than prior year's $0.46.

Underlying profit attributable was $1.51 billion or $0.75 per share, compared to $790 million or $0.40 per share a year ago.

Normalized EBITDA increased 31 percent.

Revenue for the quarter climbed 27.6 percent to $13.54 billion from last year's $10.29 billion, with revenue per hl growth of 5.8 percent.

Total Volumes increased 20.8 percent to 144 845 thousand hls. Own beer volumes went up by 20.5 percent and non-beer volumes up by 23.2 percent.

Looking ahead for fiscal 2021, the company continues to expect EBITDA to grow between 8-12 percent and our revenue to grow ahead of EBITDA from a healthy combination of volume and price.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tech major Google, owned by Alphabet Inc., has unveiled a new chatbot tool called Bard. The experimental conversational artificial intelligence or AI service is built on a large language model, powered by the company's Language Model for Dialogue Applications or LaMDA. DuPont reported Tuesday a profit from continuing operations for the fourth quarter that decreased 37 percent from last year, hurt by charges related to the intended Rogers transaction. Both adjusted earnings per share from continuing operations and quarterly net sales missed analysts' expectations. The company also provide guidance for the first quarter and the full-year 2023. Shares of Siemens Energy AG were losing around 5 percent in German trading after the energy development company reported Tuesday wider net loss in its first quarter and adjusted fiscal 2023 forecast to now expect net loss same as the prior year. Revenues and orders for the quarter, however, climbed and the company maintained its fiscal 2023 revenue forecast.
Follow RTT