Equity Profile

BUD

Anheuser-Busch InBev SA/NV

Consumer StaplesBrewers$151.9B

May5Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market1:02 AM EDT

Anheuser-Busch InBev Beats on EPS, Stock Up 8.74%

Metric	Actual	Expected	Surprise
EPS	$0.97	$0.91	+8.02%
Revenue	N/A	$14.7B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Anheuser-Busch InBev Beats on EPS, Stock Up 8.74%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.97	$0.91	+8.02%
Revenue	N/A	$14.7B	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Anheuser-Busch InBev reported better-than-expected earnings per share for Q1-2026, which contributed to a significant stock increase of 8.74%. The positive surprise in EPS indicates stronger profitability than analysts anticipated. However, revenue figures were not disclosed, leaving some uncertainty about overall sales performance.

Company Snapshot

Anheuser-Busch InBev SA/NV is a leading global brewer known for its extensive portfolio of beer brands, including Budweiser and Stella Artois. As a major player in the consumer staples sector, the company is influenced by trends in consumer spending and preferences for alcoholic beverages.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.91

Revenue

Total revenue reflects the company's sales performance and market demand for its products.

$14.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+7.45%

Avg Stock Reaction

+0.47%

Last Quarter Recap

In the last quarter, Anheuser-Busch reported an EPS of $0.95, exceeding expectations by nearly 5%. The stock reacted positively, gaining 3.81% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect a solid performance this quarter, with a consensus EPS of $0.91 and revenue of $14.7 billion. The company has consistently beaten EPS estimates in recent quarters.

Bull Case

If the company continues its trend of outperforming estimates, it could signal strong brand loyalty and effective cost management, driving stock prices higher.

Bear Case

On the other hand, any signs of declining sales or increased competition could lead to disappointing results, negatively impacting investor sentiment.

Key Metrics to Watch

EPS

$0.91

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$14.7B

Total revenue reflects the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.91?

A beat on EPS would reinforce the company's strong performance trend and could lead to positive market reactions.

What are the revenue figures compared to the $14.7 billion consensus?

Revenue performance will indicate consumer demand and the company's market position, which are critical for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the company's ability to maintain pricing power in a competitive market, especially if premium brands gain traction.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating stronger operational performance than expected.

Recent trends in consumer spending suggest a potential rebound in demand for premium alcoholic beverages.

The options market is pricing a significant move, suggesting that traders anticipate volatility that could favor a positive surprise.

Key Risk

If revenue comes in below $14.1 billion, it could undermine the bullish sentiment around the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether the company's growth can continue amid changing consumer preferences and competitive pressures.

Bull Confirmed If

Earnings exceeding $0.91 with revenue above $14.7 billion would confirm the bullish outlook.

Bear Confirmed If

If EPS falls below $0.89 and revenue is below $14.1 billion, it would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.6%

Historical Avg

±5.8%

In line with history

The options market is pricing in a potential move of about 5.6% in either direction following the earnings report.

Options are pricing ±6.3% while BUD has averaged ±5.8% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.8%

30d HV

25.5%

Calls (159K)P/C Ratio: 0.76Puts (121K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Anheuser-Busch beats expectations, history suggests a potential stock increase of around 3.6%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to muted reactions as investors assess management's commentary on future growth.

Miss

A miss could result in a decline, with historical data suggesting an average drop of 0.13% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on sales trends in key markets.
2Updates on cost management strategies and pricing power.
3Insights into consumer preferences shifting towards premium products.
4Management's outlook on competition and market share.
5Any guidance on future earnings expectations.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.91

Revenue

Total revenue reflects the company's sales performance and market demand for its products.

$14.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+7.45%

Avg Stock Reaction

+0.47%

Last Quarter Recap

In the last quarter, Anheuser-Busch reported an EPS of $0.95, exceeding expectations by nearly 5%. The stock reacted positively, gaining 3.81% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect a solid performance this quarter, with a consensus EPS of $0.91 and revenue of $14.7 billion. The company has consistently beaten EPS estimates in recent quarters.

Bull Case

If the company continues its trend of outperforming estimates, it could signal strong brand loyalty and effective cost management, driving stock prices higher.

Bear Case

On the other hand, any signs of declining sales or increased competition could lead to disappointing results, negatively impacting investor sentiment.

Key Metrics to Watch

EPS

$0.91

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$14.7B

Total revenue reflects the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.91?

A beat on EPS would reinforce the company's strong performance trend and could lead to positive market reactions.

What are the revenue figures compared to the $14.7 billion consensus?

Revenue performance will indicate consumer demand and the company's market position, which are critical for future growth.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the company's ability to maintain pricing power in a competitive market, especially if premium brands gain traction.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating stronger operational performance than expected.

Recent trends in consumer spending suggest a potential rebound in demand for premium alcoholic beverages.

The options market is pricing a significant move, suggesting that traders anticipate volatility that could favor a positive surprise.

Key Risk

If revenue comes in below $14.1 billion, it could undermine the bullish sentiment around the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether the company's growth can continue amid changing consumer preferences and competitive pressures.

Bull Confirmed If

Earnings exceeding $0.91 with revenue above $14.7 billion would confirm the bullish outlook.

Bear Confirmed If

If EPS falls below $0.89 and revenue is below $14.1 billion, it would support the bearish case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.6%

Historical Avg

±5.8%

In line with history

The options market is pricing in a potential move of about 5.6% in either direction following the earnings report.

Options are pricing ±6.3% while BUD has averaged ±5.8% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.8%

30d HV

25.5%

Calls (159K)P/C Ratio: 0.76Puts (121K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Anheuser-Busch beats expectations, history suggests a potential stock increase of around 3.6%, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to muted reactions as investors assess management's commentary on future growth.

Miss

A miss could result in a decline, with historical data suggesting an average drop of 0.13% when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on sales trends in key markets.
2Updates on cost management strategies and pricing power.
3Insights into consumer preferences shifting towards premium products.
4Management's outlook on competition and market share.
5Any guidance on future earnings expectations.