By Ian Walker
Anheuser-Busch InBev SA on Thursday reported an increase in fourth-quarter web revenue because it booked a lot decrease finance costs–beating market forecasts–and mentioned that it expects to report improved earnings for 2021 in contrast with 2020.
The world’s largest brewer–with manufacturers similar to Budweiser, Stella Artois and Corona–said own-beer volumes rose 1.8% within the fourth quarter on an natural foundation. North America fell 0.7%, South America rose 11.4% and Asia Pacific fell 3.1%.
For the quarter, AB InBev made a web revenue of $2.27 billion, in contrast with $114 million a yr earlier and a consensus of $2.63 billion, taken from FactSet and based mostly on 4 analysts’ forecasts.
Normalized earnings earlier than curiosity, taxes, depreciation and amortization–one of the corporate’s most well-liked metrics, which strips out distinctive and different one-off items–was $5.07 billion, in contrast with $5.34 billion a yr earlier and a consensus of $4.70 billion, taken from FactSet and based mostly on 5 analysts’ forecasts.
Income for the quarter was $12.77 billion, down from $13.33 billion, and in contrast with forecasts of $12.65 billion taken from FactSet and based mostly on 9 analysts’ estimates. On an natural foundation, income was up 4.5%, the corporate mentioned.
The board has declared a dividend of 50 European cents (60.85 U.S. cents).
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 25, 2021 01:43 ET (06:43 GMT)
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