Budweiser Brewing Company APAC Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.08-06

Budweiser Brewing Company APAC (HKG:1876) Second Quarter 2024 ResultsKey Financial Results Revenue: US$1.76b (down 11% from 2Q 2023). Net income: US$254.0m (down 8.6% from 2Q 2023). Profit margin: 14%...

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Profit margin: 14%...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-1876/budweiser-brewing-company-apac-shares/news/budweiser-brewing-company-apac-second-quarter-2024-earnings\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Budweiser Brewing Company APAC Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBudweiser Brewing Company APAC Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-06 10:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-1876/budweiser-brewing-company-apac-shares/news/budweiser-brewing-company-apac-second-quarter-2024-earnings><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Budweiser Brewing Company APAC (HKG:1876) Second Quarter 2024 ResultsKey Financial Results Revenue: US$1.76b (down 11% from 2Q 2023). Net income: US$254.0m (down 8.6% from 2Q 2023). Profit margin: 14%...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-1876/budweiser-brewing-company-apac-shares/news/budweiser-brewing-company-apac-second-quarter-2024-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TTM.AU","symbol_name":"TITAN MINERALS LTD","start_time":0,"source_url":"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-1876/budweiser-brewing-company-apac-shares/news/budweiser-brewing-company-apac-second-quarter-2024-earnings","article_id":"2457633018","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/5111000-choice2-main-header/1585186902639"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457633018","pubTimestamp":1722910279,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Budweiser Brewing Company APAC ( HKG:1876 ) Second Quarter 2024 Results Key Financial Results Revenue: US$1.76b (down...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"TTM.AU":"TITAN MINERALS LTD","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","BK1589":"北水核心资产","BK4523":"印度概念","LU0630378692.HKD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (HKD) INC","LU0762542818.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM\" (HKD) INC","BK1604":"节假日概念","01876":"百威亚太","TTM":"塔塔汽车","LU0762541174.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM2\" (USD) INC","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","BK7104":"黄金","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","BK1578":"个体经济","LU0197773673.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AS\" (USD) INC","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","BK4099":"汽车制造商","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","BK1510":"啤酒","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","BK1180":"啤酒酿造商"},"translate_title":"百威啤酒酿造公司亚太地区2024年第二季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTM.AU":1,"TTM":1,"01876":1},"content_text":"Budweiser Brewing Company APAC (HKG:1876) Second Quarter 2024 ResultsKey Financial Results Revenue: US$1.76b (down 11% from 2Q 2023). Net income: US$254.0m (down 8.6% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). EPS: US$0.019 (down from US$0.021 in 2Q 2023).  SEHK:1876 Earnings and Revenue Growth August 6th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Budweiser Brewing Company APAC EPS Beats Expectations, Revenues Fall Short  Revenue missed analyst estimates by 6.0%.  Earnings per share (EPS) exceeded analyst estimates by 1.7%.      Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Beverage industry in Hong Kong.    Performance of the Hong Kong Beverage industry.  The company's shares are up 6.0% from a week ago.   Risk Analysis You should learn about the   1 warning sign  we've spotted with Budweiser Brewing Company APAC. Valuation is complex, but we're here to simplify it.Discover if Budweiser Brewing Company APAC might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. 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