AB InBev Reports Strong Q4 2024 Earnings, Driven by Cost Savings and Growth in Key Markets
LONDON, February 2024 – Anheuser-Busch InBev (AB InBev), the world’s largest beer brewer, today reported its fourth quarter 2024 earnings, exceeding market expectations despite a challenging macroeconomic environment. The company’s strong performance was driven by its ongoing cost savings initiatives and solid growth in key markets.
Revenue for the fourth quarter 2024 reached $14.2 billion, up 5.1% year-over-year, outpacing the 3.5% growth expected by analysts. Net income attributable to shareholders was $4.3 billion, a 14.2% increase from the same period last year. The company’s earnings per share (EPS) was $1.42, surpassing the consensus estimate of $1.35 per share.
"We are pleased to report another quarter of strong financial performance, demonstrating our ability to navigate the dynamic beer industry and deliver value to our shareholders," said Jan Crb, CEO of AB InBev. "Our focused efforts on cost savings, combined with growth in key markets like Asia and Latin America, have helped drive our quarterly results."
During the quarter, AB InBev implemented various cost-saving measures, including reducing operating expenses by $200 million and optimizing its brewery network. The company also reported progress in its efforts to increase revenue, with sales growing 4.5% in the quarter, driven by strong performance in China and Brazil.
AB InBev’s flagship brand, Stella Artois, continued to drive growth, with sales increasing 6.4% year-over-year. The company’s other premium brands, such as Budweiser and Corona, also saw solid performance, with combined sales growth of 4.1%.
In a bid to stay competitive in a rapidly evolving beer market, AB InBev has been investing in new products, packaging, and marketing initiatives. The company has launched several successful innovations, including its hard seltzer brand, ALT, and its growing portfolio of craft beers in the United States.
For the full year 2024, AB InBev reported revenue of $53.2 billion, a 3.5% increase from 2023. Net income attributable to shareholders was $15.8 billion, a 10.8% gain from the previous year. The company’s EPS was $4.15, outpacing the consensus estimate of $4.05 per share.
Looking ahead, AB InBev remains committed to its long-term strategy of driving growth, improving margins, and enhancing profitability. The company’s board of directors approved a quarterly dividend of $0.35 per share, a 2% increase from the previous period.
"We are cautiously optimistic about the outlook for 2025, with a focus on executing our strategic priorities and addressing the external challenges," Crb said. "We continue to believe that AB InBev is well-positioned to meet the evolving needs of our customers and stakeholders."
The company’s Q4 2024 earnings release, investor presentation, and supplemental financial information are available on the AB InBev website at www.abbev.com.
About AB InBev:
AB InBev is the world’s largest beer brewer, with a portfolio of over 500 brands, including Budweiser, Stella Artois, Corona, and Bud Light. The company is a leader in the global beer industry, with operations in over 50 countries. AB InBev is committed to creating a better world for its employees, partners, and customers, while driving growth and profitability for its shareholders.
Contact:
[Name]
Investor Relations
AB InBev
Phone: +44207 678 9000
Email: ir@abbev.com
Website: www.abbev.com
Note: This article is a fictional representation of a company’s earnings release and is not meant to be taken as actual financial information.
