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Anheuser-Busch Inbev (BUD) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Anheuser-Busch Inbev (BUD - Free Report) reported $16.51 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 9.1%. EPS of $1.21 for the same period compares to $0.99 a year ago.

The reported revenue represents a surprise of +1.69% over the Zacks Consensus Estimate of $16.24 billion. With the consensus EPS estimate being $1.14, the EPS surprise was +6.14%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Anheuser-Busch Inbev performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Volume in Hectoliters - Middle America: 38,967.00 KhL versus 38,376.90 KhL estimated by three analysts on average.
  • Volume in Hectoliters - South America: 37,213.00 KhL compared to the 38,264.16 KhL average estimate based on three analysts.
  • Volume in Hectoliters - EMEA: 24,680.00 KhL compared to the 24,165.59 KhL average estimate based on three analysts.
  • AB InBev Worldwide - Total Volume: 142,313.00 KhL versus 142,190.50 KhL estimated by three analysts on average.
  • Volume in Hectoliters - Global Export and Holding Companies: 112.00 KhL compared to the 125.98 KhL average estimate based on three analysts.
  • Volume in Hectoliters - North America: 21,520.00 KhL versus the three-analyst average estimate of 21,149.82 KhL.
  • Revenue- North America: $3.8 billion compared to the $3.78 billion average estimate based on three analysts. The reported number represents a change of +1% year over year.
  • Revenue- Middle Americas: $5.23 billion compared to the $4.97 billion average estimate based on three analysts. The reported number represents a change of +21% year over year.
  • Revenue- Global Export & Holding Companies: $227 million versus $195.04 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +22.7% change.
  • Revenue- EMEA: $2.66 billion compared to the $2.63 billion average estimate based on three analysts. The reported number represents a change of +5.4% year over year.
  • Revenue- Asia Pacific: $1.41 billion compared to the $1.46 billion average estimate based on three analysts. The reported number represents a change of -7.9% year over year.
  • Revenue- South America: $3.18 billion compared to the $3.2 billion average estimate based on three analysts. The reported number represents a change of +13.5% year over year.

View all Key Company Metrics for Anheuser-Busch Inbev here>>>

Shares of Anheuser-Busch Inbev have returned +10.2% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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