Dow Jones Newswires: AB InBev says has lost $170 million in profit due to coronavirus [MarketWatch]
Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (BUD)
Last anheuser-busch inbev sa sponsored adr (belgium) earnings: 2/28 04:01 pm
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Source: MarketWatch
AB InBev says has lost $170 million in profit due to coronavirus The world’s biggest brewer, Anheuser-Busch InBev SA said Thursday that it lost $170 million in profits during the first two months of 2020 because of the coronavirus epidemic as it reported a fall in net profit. The company, which houses Budweiser BUD, -0.94% , ABI, -5.98% Stella Artois and Corona among its brands, said it estimates the loss of revenue in the period is $285 million due to the Covid-19 epidemic and that it continues to monitor developments. The company made a net profit for the quarter ended Dec. 31, 2019 of $114 million compared with $456 million for the comparable period last year. Revenue for the quarter fell to $13.33 billion compared with $13.79 billion for the comparable period in 2018 and forecasts of $13.67 billion, taken from FactSet and based on 10 analysts’ estimates. Normalized earnings before interest, taxes, depreciation and amortization--one of the company’s preferred metrics which st
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BUD
Earnings
- 10/31/24 - Beat
BUD
Sec Filings
- 11/26/24 - Form 6-K
- 11/13/24 - Form 6-K
- 10/31/24 - Form 6-K
- BUD's page on the SEC website