0702 GMT - AB InBev delivered a solid 4Q performance with a revenue beat despite a miss in sales volumes, RBC Capital Markets analysts James Edwardes Jones and Wassachon Udomsilpa say in a note. The brewer reported a better-than-expected 4Q organic growth driven by North America, South America and EMEA, they say. On the negative side, the 19% volume decrease in China was affected by inventory management, accounting for one third of its volume decline, and continued weakness in the on-premise channel, they add. More importantly, the company showed a debt/Ebitda ratio well below market consensus, they add. "The shape of the profit and loss table was classic consumer staples, with EPS growth stronger than organic Ebitda growth which was more than profit growth which was more than sales growth," they add. (michael.susin@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 02:03 ET (07:03 GMT)
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