2Q15 results scheduled for July 30
Anheuser-Busch InBev SA (BUD) (ABI.BR) is scheduled to report its second quarter results on July 30, 2015. The consensus Wall Street analysts’ estimate for the company’s second quarter revenue is $11.5 billion. For fiscal 2015, the company expects revenue per hectoliter to grow organically at par with inflation, assuming constant geographic mix.
Performance in the previous quarter
In 1Q15, which ended March 31, 2015, Anheuser-Busch InBev’s revenue came in at $10.5 billion, a 1.4% fall compared to 1Q14. A strong US dollar and a weakness in US business impacted 1Q15 revenue.
The first quarter reflected currency headwinds of $1.0 billion, mainly associated with currency translation effects in the Latin America-North and Europe segments. However, the company’s revenue was ahead of the consensus Wall Street analysts’ revenue estimate of $10.4 billion.
The company’s organic revenue, which excludes the impact of acquisitions and currency headwinds, grew 6.2%, as the decline in US sales was offset by a rise in sales of premium beer in emerging markets like China and Brazil.
Anheuser-Busch InBev’s adjusted EPS (earnings per share) of $1.63 in 1Q15 beat analysts’ expectations of $1.04. The bottom line in the quarter benefited from a $757 million hedging gain associated with the company’s share-based compensation.
Performance of its peers
Anheuser-Busch InBev’s key rival is MillerCoors, which is a joint venture between SABMiller and Molson Coors Brewing (TAP). In 1Q15, MillerCoors’s revenue fell 0.9% to $1.8 billion. Constellation Brands (STZ) reported 6.9% growth in revenue in the first quarter of fiscal 2016 ended May 31, 2015, driven by demand for its Mexican beer portfolio.