Latest financials being reported. Looks like it's hard to keep a good brewer down.
Anheuser-Busch InBev (NYSE:BUD) reported net profit of $2.53B in Q4 vs. $2.52B a year ago as a lower overall tax rate boosted results.
Revenue was up 2.6% Y/Y to $12.02B vs. $11.86 consensus.
Total volume was flat in Q4. Volume for Focus Brands was +1.3%.
Revenue in the U.S. was up 2.2% off a 0.2% gain in volume. The Bud Light brand gained market share in the U.S. during the period.
Revenue in China jumped 13.9% off of a 1.2% gain in organic volume.
Volume drops in Germany and South Korea pinched global results.
The company announced a $1B share buyback program and raised its dividend.
During the conference call, CFO Felipe Dutra said a 3.4% dividend yield is a target.
A-B press release (.pdf)
BUD +0.4% premarket.
