Anheuser Busch Companies (BUD)

[FUNMAN]

Anheuser-Busch InBev EPS beats by $0.01, beats on revenue • 4:20 AM

Anheuser-Busch InBev (NYSE:BUD): Q1 Non-GAAP EPS of $0.55 beats by $0.01; GAAP EPS of $0.30.

Revenue of $12.29B (+11.7% Y/Y) beats by $910M.

Total volumes grew by 13.3%, with own beer up by 14.9% and non-beer up by 4.0%.

2021 Outlook: FY21 normalized EBITDA to grow between 8-12% and our revenue to grow ahead of EBITDA.

Net capital expenditure of between $4.5B and $5B in FY21.

"We delivered top-line ahead of pre-pandemic levels, as beer volumes were up by 2.8% versus 1Q19 with healthy revenue per hl growth. EBITDA increased by 14.2% year-over-year, even in the context of ongoing COVID-19 related restrictions," commented – Carlos Brito, CEO.