Budweiser Brewing Company APAC Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Budweiser Brewing Company APAC (HKG:1876) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.76b (down 11% from 2Q 2023).
• Net income: US$254.0m (down 8.6% from 2Q 2023).
• Profit margin: 14% (in line with 2Q 2023).
• EPS: US$0.019 (down from US$0.021 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Budweiser Brewing Company APAC EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are up 6.0% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Budweiser Brewing Company APAC.

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