Add as a preferred source on GoogleAB InBev Posts $16.51 Billion in Q3 Revenue, Tops Estimates
Revenue rose 9.1% year over year. Non-GAAP EPS was $1.21, while normalized EBITDA increased 3.9%.
Anheuser-Busch InBev posted $16.51 billion in third-quarter revenue, topping estimates by $230 million, as non-GAAP EPS beat expectations and normalized EBITDA rose 3.9% year over year.
Revenue increased 9.1% from a year earlier. Non-GAAP EPS came in at $1.21, beating estimates by $0.04 per share.
Normalized EBITDA totaled $5.957 billion. Its margin declined 34 basis points to 36.1%. The margin expresses normalized EBITDA as a percentage of revenue, so the decline indicates a smaller EBITDA contribution relative to sales.
An Oct. 5 analyst preview of AB InBev’s third-quarter results projected 4.1% organic revenue growth. That forecast uses an organic growth measure, while the reported 9.1% figure is year-over-year revenue growth.
The company’s earnings call is scheduled for 9 a.m. ET (13:00 UTC) Thursday, Oct. 29.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.