AB InBev (BUD) Q2 Earnings & Sales Beat, Premiumization Aids
Zacks Investment Research | Jul 25, 2019 06:35AM ET
Anheuser-Busch InBev SA/NV (NYSE:BUD) , alias AB InBev, reported solid second-quarter 2019 results, wherein earnings and sales surpassed estimates. This marked the company’s first earnings beat in the last four quarters, after reporting in-line earnings in the first quarter. Meanwhile, sales topped estimates for the third straight quarter.
Overall, shares of AB InBev have gained 45.2% year to date, outperforming the industry ’s growth of 27.5%.
Q2 Highlights
Normalized earnings per share of $1.25 increased 14.7% from $1.09 earned in the year-ago quarter. Moreover, the bottom line beat the Zacks Consensus Estimate of $1.13. Earnings gained from improving trends in key markets and continued premiumization in majority of the markets, partly negated by adverse currency translations.
Anheuser-Busch InBev SA/NV Price, Consensus and EPS Surprise
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