Anheuser-Busch InBev SA/NV (NYSE:BUD) Issues Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• AB InBev beat quarterly estimates: EPS reached $1.21 versus the $1.14 consensus, while revenue rose 9.1% year over year to $16.51 billion, exceeding expectations of $16.27 billion.
• Growth was broad but uneven: Mexico, Colombia, Brazil, South Africa and the U.S. performed well, while China revenue and volumes fell 16.8% amid weak industry conditions and on-premise demand.
• Shareholder returns and the outlook remained supportive: Management maintained its 2026 outlook, raised the interim dividend to €0.40 per share and continued its $6 billion buyback program, with $2.6 billion completed.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) announced its earnings results on Thursday. The consumer goods maker reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.07, Zacks reports. Anheuser-Busch InBev SA/NV had a net margin of 14.90% and a return on equity of 16.42%. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.27 billion. During the same period last year, the firm posted $0.99 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year.

Here are the key takeaways from Anheuser-Busch InBev SA/NV's conference call:

• Revenue rose 4.9% and underlying EPS increased 22% to $1.21 in Q3, while volumes grew for a third consecutive quarter and EBITDA increased 3.9%. Management maintained its 2026 outlook, citing disciplined revenue and cost management despite commodity pressures and higher brand investment.
• Growth was broad across key markets, with particularly strong performances in Mexico, Colombia, Brazil, South Africa, and the U.S. The company reported share gains in U.S. beer and total alcohol, while its Beyond Beer portfolio grew revenue in the low teens.
• Growth platforms continued to outperform: mega-brand revenue increased 7.7%, non-alcohol beer revenue rose 35%, and third-party products on the BEES marketplace grew 45% to $1.4 billion in GMV. Management said these areas are attracting new consumers and occasions and remain important long-term growth engines.
• China remained a significant weakness, with revenue and volumes down 16.8% amid an industry decline, abnormal weather, on-premise softness, and inventory reductions. Management expects inventories to normalize by year-end and said market-share trends are improving, but acknowledged that performance remains below potential.
• Strong cash generation and balance-sheet flexibility supported an interim dividend increase to €0.40 per share from €0.15 last year, alongside continued execution of the $6 billion share-buyback program, of which $2.6 billion has been completed.

Anheuser-Busch InBev SA/NV Price Performance

Shares of NYSE BUD traded up $0.66 during trading on Friday, reaching $80.18. The company had a trading volume of 1,396,949 shares, compared to its average volume of 2,124,829. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.66. The business's 50 day moving average price is $78.83 and its 200-day moving average price is $77.68. Anheuser-Busch InBev SA/NV has a 52 week low of $59.90 and a 52 week high of $86.60. The stock has a market cap of $161.91 billion, a PE ratio of 16.98, a PEG ratio of 1.17 and a beta of 0.57.

Key Stories Impacting Anheuser-Busch InBev SA/NV

Here are the key news stories impacting Anheuser-Busch InBev SA/NV this week:

• Positive Sentiment: Q3 results exceeded expectations: Underlying EPS rose 22% year over year to $1.21, compared with the $1.14 analyst consensus, while revenue reached $16.51 billion versus expectations of $16.27 billion. Revenue increased 9.1% on a reported basis. Anheuser-Busch InBev quarterly earnings report
• Positive Sentiment: Premiumization and megabrands supported growth: Higher revenue per hectoliter, strong performance from global megabrands and continued consumer trading-up helped offset uneven regional demand. Digital platforms and non-beer offerings also contributed, with non-beer volumes rising 4% and total volumes increasing 0.4%. AB InBev Q3 earnings beat estimates
• Positive Sentiment: Shareholder returns remain supportive: The board approved a €0.40-per-share interim dividend, payable in November, reinforcing the income appeal of BUD. AB InBev interim dividend announcement
• Positive Sentiment: Analyst sentiment is favorable: Deutsche Bank maintained its Buy rating, while Zacks highlighted BUD as a highly ranked value stock. Deutsche Bank maintains Buy rating
• Neutral Sentiment: Management continues investing in brands, marketing and growth platforms, which may support longer-term expansion but limits the immediate benefit of stronger sales.
• Negative Sentiment: Regional weakness, including declining performance in China, along with higher input costs and marketing spending, pressured margins. Investors may also remain cautious because beer volumes are broadly soft and health-conscious consumers are reducing alcohol consumption. AB InBev earnings reaction

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays reiterated a "neutral" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a report on Thursday, September 24th. UBS Group restated a "buy" rating on shares of Anheuser-Busch InBev SA/NV in a research note on Thursday, September 24th. Weiss Ratings restated a "hold (c)" rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, October 15th. Finally, Morgan Stanley reduced their price target on shares of Anheuser-Busch InBev SA/NV from $86.50 to $84.50 and set an "overweight" rating for the company in a research note on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.83.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV is a global beverage company headquartered in Leuven, Belgium, and one of the world's largest brewers. The company produces, markets and distributes beer and other alcoholic and nonalcoholic beverages through a portfolio of international, regional and local brands.

Its brand portfolio includes Budweiser, Bud Light, Corona, Stella Artois, Michelob ULTRA, Beck's, Hoegaarden and Leffe. AB InBev also offers a range of zero-alcohol and other beverage products, while its operations include brewing, packaging, sales and distribution.

The company was formed through the combination of Belgium's Interbrew and Brazil's AmBev in 2004.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.