Anheuser-Busch InBev SA/NV reports company news for its global brewing and beverage portfolio, with BUD representing its American depositary receipts on the New York Stock Exchange. Recurring updates cover operating results, beer volumes, revenue per hectoliter, megabrand performance and portfolio categories such as no-alcohol beer, Balanced Choices, Beyond Beer and BEES Marketplace.
Company announcements also address brand platforms and partnerships tied to Budweiser, Corona, Corona Cero, Stella Artois, Michelob Ultra and other global, multi-country and local brands. Additional developments include manufacturing investments, brewery and packaging capabilities, annual meeting outcomes, governance matters and capital-structure actions.
Anheuser-Busch InBev reported a 3.7% growth in total volumes and a 12.1% increase in revenue for Q3 2022, driven by strong consumer demand and digital transformation. The company raised its FY22 EBITDA outlook, anticipating growth of 6-8%. While normalized EBITDA rose 6.5% to $5.313 billion, normalized EPS slightly declined to $0.84. Overall, the beverage giant achieved significant revenue growth for its core brands outside their home markets, highlighting a resilient beer category amidst challenges.
Budweiser, the official beer of the FIFA World Cup, launches a global campaign called 'The World is Yours to Take' featuring football stars Messi, Neymar Jr, and Sterling. This campaign, set to reach over 70 countries, includes a cinematic film, fan experiences, and NFTs. Budweiser will also provide quick beer delivery before matches and host events like BUDX FIFA Fanfest. The campaign aims to inspire fans and celebrate the spirit of pursuing greatness. Budweiser has been a World Cup sponsor for more than 30 years.
Altria Group (NYSE: MO) won a jury decision in the U.S. District Court for the Middle District of North Carolina, with damages of $95,233,292 awarded due to patent infringement by Reynolds Vapor's Vuse Alto e-vapor product. Altria successfully argued for a 5.25% royalty rate, which the jury accepted. This ruling reinforces Altria's commitment to protecting its intellectual property as the company transitions towards a smoke-free future, aiming for a significant market shift by 2030.
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Corona has unveiled Corona Island, a sustainable eco-tourism destination in Colombia, set to open to the public in Summer 2023. This unique island aims to eliminate single-use plastics and promote sustainability, recognized by Oceanic Global's three-star Blue Seal for environmentally friendly practices.
Designed by renowned architects and featuring menus by acclaimed chefs, Corona Island will host educational workshops and leisure programs. This initiative reinforces Corona's commitment to sustainability and protecting natural resources.
Altria Group reported its Q2 and H1 2022 results, confirming its full-year adjusted diluted EPS guidance of $4.79 to $4.93, reflecting 4% to 7% growth from 2021. The company’s net revenues for Q2 were $6.54 billion, down 5.7%, and $12.43 billion for the first half, a 4.1% decrease. Despite macroeconomic challenges like inflation, Altria's smokeable products segment showed resilience, particularly Marlboro. Share repurchases totaled $507 million in Q2, with dividends of approximately $1.6 billion. Investors are watching the impact of rising costs and the evolving regulatory landscape.
Anheuser-Busch InBev (NYSE: BUD) reported strong financial results for 2Q22, with revenue rising by 11.3% and EBITDA increasing by 7.2%. Volume grew by 3.4%, driven by growth in both beer and non-beer segments. The company's B2B digital platforms now account for 55% of revenue, supported by a robust direct-to-consumer ecosystem generating $385 million in revenue. Underlying profit attributable to equity holders was $1.468 billion, with an underlying EPS of $0.73, compared to $0.75 in the previous year. The net debt to EBITDA ratio improved to 3.86x.
Altria Group, Inc. (NYSE: MO) held its 2022 Annual Meeting, where CEO Billy Gifford presented the 2021 financial results and 2022 guidance. Altria expects 2022 adjusted diluted EPS between $4.79 and $4.93, reflecting a 4% to 7% growth from 2021's $4.61, weighted towards the year's second half. Key factors include inflation, COVID-19 impacts, and regulatory changes. Preliminary voting results showed the election of 12 Board nominees and approval of executive compensation. Details, including the effect of special items, will be filed in a Current Report on Form 8-K.
Budweiser has launched a new global campaign, Tomorrow is Yours to Take, designed to inspire aspiring creators. Led by Anderson .Paak, the campaign features a music video highlighting various creators from around the world overcoming challenges. The initiative aims to connect and motivate individuals in their pursuit of success. The creative concept was developed in collaboration with Wieden+Kennedy, emphasizing a message that champions independence and resilience. This marks a significant step in Budweiser's efforts to support emerging talent.
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