AB InBev Posts $16.51 Billion in Q3 Revenue, Tops Estimates

Anheuser-Busch InBev posted $16.51 billion in third-quarter revenue, topping estimates by $230 million, as non-GAAP EPS beat expectations and normalized EBITDA rose 3.9% year over year. Revenue increased 9.1% from a year earlier. Non-GAAP EPS came in at $1.21, beating estimates by $0.04 per share. Normalized EBITDA totaled $5.957 billion. Its margin declined 34 basis points to 36.1%. The margin expresses normalized EBITDA as a percentage of revenue, so the decline indicates a smaller EBITDA contribution relative to sales. An Oct. 5 analyst preview of AB InBev’s third-quarter results projected 4.1% organic revenue growth.

Source: TokenPost