BUDAnheuser-Busch InBev SA/NV
The schedule
- Wed14Oct
An expected strategic update focusing on capital allocation, debt restructuring, and the deleveraging timeline amidst the 'higher-for-longer' interest rate regime.
- Sun15Nov
A macro risk checkpoint evaluating the impact of the Trump Administration's trade tariffs on input costs and the resulting FX pressure on emerging market revenues.
- Thu25Feb
Full-year 2026 results and the initial 2027 guidance framework will determine capacity for dividend sustainability and continued margin expansion.
- Sat17Apr
Q3 results will test the execution of late-summer pricing strategies and the translation of revenue into free cash flow for further debt paydown.
- Fri9Jul
Past
- Thu30Jul
Actual outcome: Bull · $85.18 at outcome
Anheuser-Busch InBev reported in-line EPS of $1.52 for Q2, alongside a return to global volume growth of 1.1% driven by premium brands and events like the FIFA World Cup. Despite some mixed headline revenue figures and ongoing challenges in China, the company reaffirmed its full-year 2026 outlook. The stock rallied past the bull target as investors were encouraged by the volume momentum, market share gains, and stronger free cash flow supporting the company's debt reduction efforts.
Second-quarter earnings will shed light on margin resilience, global volume momentum, and management's progress on reducing the $73 billion debt load.
- Fri10Jul
Actual outcome: Bear · $80.83 at outcome
Although AB InBev highlighted its premiumization and digital expansion strategies, the stock ultimately broke below the bear floor as the summer progressed. Broader industry headwinds, including moderation trends in alcohol consumption and ongoing cost pressures amid a consumer spending slowdown, weighed heavily on the shares.
Mid-summer Nielsen scan data will provide a critical update on domestic U.S. volumes and pricing elasticity against ongoing consumer spending slowdowns.
- Fri8May
Actual outcome: Mixed · $79.99 at outcome
Anheuser-Busch InBev met Q1 2026 EPS estimates of $1.52 and reported its first volume growth since 2023, driven by strong performance in non-alcoholic and non-beer segments. While the initial earnings release earlier in the week sparked a rally, the stock traded flat from the event date through the outcome date as investors weighed the broader volume recovery against a 3.1% volume decline in the North American market.
Q1 2026 results and commentary on pricing, mix, and U.S. share are a key test of whether Anheuser-Busch InBev can reaccelerate growth after recent revenue and EPS declines while the stock trades near its $80.37 high.