Anheuser-Busch InBev Earnings: What to Watch
March 01 2017 - 08:29AM
Dow Jones News
By Jennifer Maloney
Anheuser-Busch InBev NV, the world's largest brewer, is
scheduled to report fourth-quarter earnings before European stock
markets open Thursday. Here's what you need to know:
EARNINGS FORECAST: Earnings of $1.09 a share is the consensus of
analysts surveyed by Thomson Reuters, compared with $1.56 a year
earlier.
REVENUE FORECAST: Analysts expect revenue of $13.85 billion,
compared with $10.72 billion a year earlier. The latest quarter
will be the first to include results from SABMiller PLC.
TAKEOVER: Investors will be listening for an update on AB
InBev's ingestion of rival SABMiller -- a $100-billion-plus
transaction that closed Oct. 8. The deal is a massive bet that AB
InBev can tap new growth in Africa and other emerging markets.
BRAZIL: AB InBev in October cut its revenue forecast for the
year amid slumping sales in recession-wracked Brazil, where
operating profit sank 33%, with about half of the decline tied to
hedging losses after the local currency weakened. Analysts are
bracing for another difficult quarter in the market, and will be
looking for signs that the worst has passed.
VOLUME: AB InBev's U.S. volumes have fallen each year from 2010
to 2015. The company has said it must stem those declines to meet
its market-share goals. Analysts will be watching for a turnaround
in the cheaper beer category, after a series of marketing and
price-promotion moves intended to shore up declines in economy
brands such as Busch.
(END) Dow Jones Newswires
March 01, 2017 08:14 ET (13:14 GMT)
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