Budweiser Parent Anheuser-Busch InBev Reports 11.3% Revenue Growth In Q2

Anheuser-Busch InBev SA/NV BUD reported second-quarter FY22 sales growth of 11.3% year-on-year, to $14.7 billion, beating the analyst consensus of $13.09 billion.
Total volumes grew by 3.4%, with own beer volumes up by 2.7% and non-beer volumes up by 8.2%. Revenue per hl grew 7.5%.
Revenue in North America rose 2.7%, Middle Americas increased 18.4%, South America grew 30.2%, EMEA climbed 8.7%, and Asia-Pacific gained 3.7%.
Combined revenues of global brands, Budweiser, Stella Artois, and Corona, outside their respective home markets in 2Q22, rose 9.7%.
Gross profit expanded 4.9% organically to $7.9 billion, and gross margin contracted 370 basis points to 54.1%.
Normalized EBITDA for the quarter was $5.1 billion, with the margin contracting 127 basis points to 34.5%.
It reported an Underlying EPS of $0.73, beating the consensus of $0.61.
Outlook: Anheuser-Busch InBev expects its EBITDA to grow in line with its medium-term outlook of 4%-8% and revenue to grow ahead of EBITDA from a healthy combination of volume and price.
Price Action: BUD shares are trading lower by 5.60% at $53.01 on the last check Thursday.
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