Budweiser Parent Anheuser-Busch InBev Reports 13% Revenue Growth In Q1 - Anheuser-Busch InBev (NYSE:BUD)

Anheuser-Busch InBev SA/NV BUD reported first-quarter FY23 revenue growth of 13.2% organically year-on-year to $14.21 billion, marginally missing the consensus of $14.22 billion.
Total volumes grew by 0.9%, with own beer volumes up by 0.4% and non-beer volumes up by 3.6%. Revenue per hl grew 12.4%.
Gross profit expanded 12.4% organically to $7.69 billion, and gross margin contracted 35 basis points to 54.1%.
Normalized EBITDA for the quarter grew 13.6% organically to $4.75 billion, with the margin expanding 13 basis points to 33.5%.
Underlying profit for the quarter was $1.3 billion compared to $1.2 billion last year.
Underlying EPS of $0.65 beat the analyst consensus of $0.62.
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 higher by 0.88% at $64.25 in premarket on the last check Thursday.