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Budweiser is a particularly strong brand in Asia. On the back of a hot summer, 3rd quarter results are expected to reflect this. We expect that the company will further benefit in the 4th quarter given that a number of sellers need to perform some urgent restocking to go into the next season.
We expect the company to beat the consensus estimate for its key figures, i.e. sales growth and profit margin by more than two percentage points in 2023-24.
Finally, we note that its premium brands in India, China, South Korea, and Japan will benefit from falling input costs as expensive pandemic-era hedges expire and demand in bars and restaurants, continues to rise.
Knowledge is power.
