Trending: AB InBev Backs Guidance Despite Further Bud Light Woes in US
2023年10月31日 - 7:50PM
Dow Jones News
1020 GMT - Anheuser-Busch InBev is among the most mentioned
companies across news items over the past three hours, according to
Factiva data. The world's largest brewer--which houses Stella
Artois and Budweiser among its portfolio--backed guidance Tuesday,
though third-quarter earnings missed market forecasts as volumes
fell, with falls in North America offsetting rises in other areas.
The company's overall volumes fell 3.4% on an organic basis,
missing expectations of a 2.7% fall, with those in North America
volumes falling 17.1%. This continues a trend of falling sales in
the region since April, when Dylan Mulvaney--a transgender
social-media star--made an Instagram post about a personalized can
of Bud Light the brewer sent her as a gift, sparking a boycott. Net
profit rose to $1.47 billion from $1.43 billion a year earlier but
missed a FactSet consensus of $1.85 billion. Revenue rose to $15.57
billion. "The absence of incremental bad news and some buyback
support is reassuring but the increased reliance on Argentina to
drive top-line [organic sales growth] and on-going FX headwinds may
temper the share price reaction today," Citi analysts say in a
research note. Shares rise 3.6% at EUR52.68. Dow Jones & Co.
owns Factiva. (joseph.hoppe@wsj.com)
(END) Dow Jones Newswires
October 31, 2023 06:35 ET (10:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Anheuser Busch Inbev SA NV (NYSE:BUD)
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Anheuser Busch Inbev SA NV (NYSE:BUD)
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から 5 2023 まで 5 2024