Market toasts stronger AB InBev Q1 volumes

Shares successful Anheuser-Busch InBev fizzed higher contiguous (5 May) aft the Budweiser proprietor bushed expert expectations connected volumes and revenue.

In the archetypal quarter, AB InBev grew its volumes by 0.8%, a effect that compared to a statement expert forecast of a diminution of 0.5%.

The world’s largest brewer grew its gross by 5.8% to $15.27bn. Analysts had forecast a 3% increase.

“Cheers to beer,” AB InBev CEO Michel Doukeris said. “The spot of the class and the accordant execution of our consumer-centric strategy drove continued momentum crossed our footprint. We are investing down our megabrands and innovations to pb and turn the category.”

Beer volumes accrued 1.2%, offsetting a 1.9% diminution from non-beer products. AB InBev pointed to “record-high” first-quarter volumes successful Mexico, Colombia, Brazil, South Africa and Peru.

In the US, the Michelob Ultra brewer said its gross accrued by 1.1%. Revenue per hl climbed 4.4%. Sales-to-retailers roseate by 0.3%, which AB InBev said was “estimated to person outperformed an improved industry” successful the US.

Sales-to-wholesalers successful the US declined by 3.2% arsenic the brewer “cycled a challenging shipment phasing comparable”.

In Europe, AB InBev’s volumes grew “by low-single digits”, led by Corona.

In China, volumes declined 1.5%, a amended effect than the 4th fourth of past twelvemonth but “underperforming the manufacture according to our estimates”, the institution said.

“Normalised” EBIT grew 7.1% to $4.07bn. Profit attributable to equity holders of AB InBev stood astatine $2.56bn, up 19.1%.

Analysts astatine Bernstein said the results were “a coagulated bushed to expectations” and added: “With overseas speech hedge tailwinds successful the 2nd fractional and World Cup boost inactive to come, the outlook is precise positive.”

Shares successful AB InBev stood astatine €67.46 astatine 14:20 CEST, up 6.84%.

"Market toasts stronger AB InBev Q1 volumes" was primitively created and published by Just Drinks, a GlobalData owned brand.

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