The world's biggest brewer, Anheuser-Busch InBev, is scheduled to report results for the third quarter on Thursday. Here's what to know:
SALES FORECAST: Sales volumes at the Brussels-listed producer of Bud Light, Michelob and Corona are set to increase by 0.3% on year organically, slowing from the 0.9% rise booked a quarter earlier, according to a consensus of analysts' estimates provided by the company. Revenue should, meanwhile, increase by 4.1% from the $15.13 billion the group made in the same period last year.
PROFIT FORECAST: The company's quarterly earnings before interest, taxes, depreciation and amortization should increase organically by 3.9%, analysts expect. AB InBev booked $5.59 billion in normalized Ebitda in the third quarter of 2025.
WHAT TO WATCH
Shares have gained nearly a third this year as the company has booked rising volumes and lifted its guidance for the full year.
--BEYOND BEER: Amid changing drinking habits, AB InBev is setting its sights on growth in its non-beer product categories, where it remains a challenger, Chief Executive Michel Doukeris said at an investor event last month. Analysts and investors will be looking out for signs of recent good performance in the company's sales of premixed cocktails, spritzers and other non-beer products.
--BRAZIL: Investors in AB InBev and other Brazil-exposed companies reacted with concern to the surprise re-election of veteran leftist Lula da Silva, with the stock losing some 3.5% in trading at the start of the week. AB InBev--formed earlier this century through the merger of Belgian-Brazilian InBev with American brewer Anheuser-Busch--owns a host of beer labels popular across Brazil and South America.
--BEER TRENDS: An overall slowdown in volume growth is likely to be led by the key American and Chinese markets, analysts at Bernstein wrote in a recent note. Quarterly trends for the brewer should show destocking in China and a weak beer market in the U.S., Bernstein said.
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