Category Archives: Consumer goods

Nigerian Breweries Q1’24 Earnings Release – Price increases drive performance

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GUINNESS NIGERIA PLC 9M’24 Earnings Release – Macro headwinds drag performance

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FLOUR MILLS OF NIGERIA PLC 9M’24 EARNINGS – Topline expansion momentum sustained

Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: ₦35.91 Rating: SELL TL;DR Revenue: ₦594.6 billion, marking an [...]

INTERNATIONAL BREWERIES PLC FY’23 Earnings Release – Price increases boost gross margin

Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: ₦5.90 Rating: HOLD TL;DR Impressive 38% y/y growth in [...]

GUINNESS NIGERIA PLC H1’24 Earnings Release – Navigating growth amidst cost challenges

Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: ₦5.90 Rating: HOLD TL;DR Robust 27% y/y revenue growth [...]

Anheuser-Busch InBev SA/NV FY’23 Earnings Release – Volume slump, higher costs drag full-year performance

Analyst: Oluebube Nwosu*o.nwosu@vetiva.comTarget price: R1251.04Rating: HOLD TL;DR Q4’23 revenue declines 1% y/y to $14.5 billion. [...]