Published on 8 May 2024 on Zacks via Yahoo Finance
AB InBev (BUD) Surpasses Earnings & Revenue Estimates in Q1
Anheuser-Busch InBev SA/NV BUD, alias AB InBev, reported solid results in first-quarter 2024. The company’s revenues and earnings beat the Zacks Consensus Estimate and improved on a year-over-year basis.Top and bottom-line growth reflected a positive business momentum, owing to relentless execution, investment in its brands and accelerated digital transformation. Results also benefited from continued consumer demand for its brand portfolio. Backed by the ongoing business momentum, the company outlined its view for 2024.Shares of the Zacks Rank #3 (Hold) company have lost 4.7% in the past year compared with the industry’s decline of 14.5%.
