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. OPEX jumps 30% y/y to $5.1 billion in Q4’23. PAT declines 31% y/y to $2.3 billion in Q4’23. Volume decline drags revenue performance AB InBev’s revenue for the Q4 period fell marginally (-1% y/y) to $14.5 billion. This came as…

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