AB InBev SA (BUD) Tops Q2 EPS by 5c; reaffirms outlook

AB InBev SA (NYSE: BUD) reported Q2 EPS of $0.90, $0.05 better than the analyst estimate of $0.85. Revenue for the quarter came in at $15.33 billion versus the consensus estimate of $15.45 billion.

OUTLOOK

Overall Performance: We expect our EBITDA to grow in line with our medium-term outlook of between 4-8%. The outlook for FY24 reflects our current assessment of inflation and other macroeconomic conditions.
Net Finance Costs: Net pension interest expenses and accretion expenses are expected to be in the range of 220 to 250 million USD per quarter, depending on currency and interest rate fluctuations. We expect the average gross debt coupon in FY24 to be approximately 4%.
Effective Tax Rates (ETR): We expect the normalized ETR in FY24 to be in the range of 27% to 29%. The ETR outlook does not consider the impact of potential future changes in legislation.
Net Capital Expenditure: We expect net capital expenditure of between 4.0 and 4.5 billion USD in FY24.

For earnings history and earnings-related data on AB InBev SA (BUD) click here.

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