Bud Parent AB InBev Reports Higher Q2 Revenue Despite Lower Total Volume

Anheuser-Busch InBev (BUD) reported higher second-quarter income and profit Thursday, contempt little full measurement of its iconic brew brands.

The Belgian brewer down Budweiser and Michelob reported a 2.7% year-over-year sales bump to $15.33 billion, falling short of nan $15.47 cardinal statement estimate of analysts polled by Visible Alpha.

Net income of $1.47 cardinal besides missed estimates of $1.62 billion, but AB InBev's underlying profit, which it classifies arsenic income aft accounting for "non-underlying items" and inflation, came successful astatine $1.81 billion, supra estimates of $1.68 billion. Both profit and underlying profit roseate from past year.

Revenue Rises Despite Sales Volume Decrease

The institution managed to study higher gross contempt an wide alteration of 0.8% successful full income volume, arsenic a 1.3% driblet successful brew measurement outweighed a 3.4% summation successful income of AB InBev's non-beer products.

Revenue decreased successful nan company's North American operations by 1.3%, a smaller driblet than past quarter, erstwhile gross fell 8.8% year-over-year. Revenue besides fell successful nan Asia Pacific region, but accrued successful nan remainder of nan company's world markets.

The company's American depositary receipts (ADRs) roseate 1.4% to $60.35 astir an hr earlier nan opening bell, astir 7% beneath wherever they started nan year.