By Michael Susin

Anheuser-Busch InBev is scheduled to report results for the first quarter on Thursday. Here is what you need to know.

NET PROFIT FORECAST: The world's largest brewer--which houses the Stella Artois and Budweiser brands among its portfolio--is expected to report a net profit of $1.66 billion compared with $1.09 billion the same quarter a year ago, according to Visible Alpha consensus.

REVENUE FORECAST: Visible Alpha consensus estimates a revenue drop to $13.88 billion from $14.55 billion a year earlier. On an organic basis, revenue is forecast to grow 1.2%, according to company-provided expectations.

REGIONAL REVENUE FORECAST: Revenue in North America--AB InBev's largest market--is anticipated to fall 2.9% and Asia and Pacific region to drop 7.9%, according to Visible Alpha. South America and Europe, Middle East and Africa, however, are expected to grow 8.7% and 4.2%, respectively.

VOLUME FORECAST: A company-compiled market consensus forecasts a decrease in sales volume of 2.6%.

WHAT TO WATCH

The stock is up around 20% since the start of 2025, and up nearly a quarter over the last three months.

-- 2025 GUIDANCE: AB InBev currently expects 2025 Ebitda to grow in line with its medium-term guidance of between 4% and 8%, but cautioned that the backdrop in certain markets remains challenging.

-- 2025 EXPECTATIONS: Analysts expect Ebitda growth of 6.1% for 2025 and revenue to grow 4.5% organically, according to a company-compiled consensus. Annual sales volume is forecast to grow at 0.8%, returning to annual growth for the first time since 2022.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

May 06, 2025 06:20 ET (10:20 GMT)

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