Shares of alcoholic beverages and soft drinks provider Anheuser-Busch (NYSE:BUD) are soaring in the pre-market trade today after the company delivered a mixed set of third-quarter numbers and upped its EBITDA guidance.
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Revenue rose 12.1% year-over-year to $15.09 billion but missed expectations by ~$33 million. EPS at $0.84 on the other hand, outperformed estimates by $0.07.
Importantly, BUD saw a broad-based volume growth and continues to see robust consumer demand. Further, about 57% of its revenue now comes via B2B digital platforms.
For 2022, the company expects EBITDA to rise by 6% to 8%. Moreover, the top line is estimated to, “Grow ahead of EBITDA from a healthy combination of volume and price.”
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