{"id":8652,"date":"2023-08-06T00:00:06","date_gmt":"2023-08-06T00:00:06","guid":{"rendered":"https:\/\/isafespend.com\/investing\/bud-light-parents-stock-is-up-sparking-buying-in-its-bonds-after-beer-company-surprises-with-profit-beat\/"},"modified":"2023-08-06T00:00:06","modified_gmt":"2023-08-06T00:00:06","slug":"bud-light-parents-stock-is-up-sparking-buying-in-its-bonds-after-beer-company-surprises-with-profit-beat","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=8652","title":{"rendered":"Bud Light parent\u2019s stock is up, sparking buying in its bonds, after beer company surprises with profit beat"},"content":{"rendered":"
\n

Anheuser-Busch InBev\u2019s stock surged early Thursday after the company beat earnings estimates for the second quarter, even as North American numbers were hit by the conservative-led boycott of Bud Light. <\/p>\n

The stock move
\n BUD,
\n -0.86%<\/bg-quote>
\n also sparked buying in the company\u2019s bonds, with early sellers turning into buyers, as the following chart from data-as-a-service provider\u00a0BondCliQ Media Services\u00a0shows. <\/p>\n

\n
\n
\n
<\/div>
\n

Anheuser-Busch InBev net customer flows (intraday).<\/h4>\n


\n Source: BondCliQ Media Services
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

By midmorning, the trend had continued with greater buying and rising volume.<\/p>\n

\n
\n
\n \"\"\n <\/div>
\n
\n Anheuser-Busch InBev net customer flow (intraday). Source: BondCliQ Media Services
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

The next chart shows how the most-active bonds have performed over the last 10 days, with buying concentrated in the 5.55% notes that mature in 2049. <\/p>\n

\n
\n
\n \"\"\n <\/div>
\n

Most-active Anheuser-Busch InBev issues with net customer flow (last 10 days).<\/h4>\n


\n Source: BondCliQ Media Services
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

AB InBev\u2019s stock was up more than 2% early Thursday, after the company posted better-than-expected second-quarter adjusted per-share earnings of 72 cents, ahead of the FactSet consensus of 68 cents. Revenue rose to $15.12 billion from $14.793 billion, but lagged the consensus of $15.376 billion. <\/p>\n

As expected, U.S. sales to retailers fell 14%, underperforming the industry, as Bud Light volumes were hit by a boycott sparked by a marketing campaign involving a transgender influencer.<\/p>\n

See also:<\/strong> Molson Coors\u2019 stock slides after sales fall short of estimates even as it gains share from Bud Light fallout<\/p>\n

Overall volumes fell 1.4% to match expectations.<\/p>\n

As bad as it was, the pressure on Bud Light was not the main cause of an overall drop in profit, as MarketWatch\u2019s Steve Goldstein explained.<\/p>\n

Two-thirds of the profit drop was due to market-share performance and the remainder to productivity loss, increased sales and marketing investments and support measures for its wholesalers, the company said.<\/p>\n

The main culprit was derivatives: The company recorded a $1.08 billion mark-to-market loss on hedges for its share-based payment programs and shares issued in relation to the combination with Grupo Modelo and SAB.<\/p>\n

Related:<\/strong> Boston Beer\u2019s stock rallies as Twisted Tea makes up for flat seltzer demand in second quarter<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Anheuser-Busch InBev\u2019s stock surged early Thursday after the company beat earnings estimates for the second quarter, even as North American numbers were hit by the conservative-led boycott of Bud Light. The stock move BUD, -0.86% also sparked buying in the company\u2019s bonds, with early sellers turning into buyers, as the following chart from data-as-a-service provider\u00a0BondCliQ<\/p>\n","protected":false},"author":1,"featured_media":8653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-8652","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nBud Light parent\u2019s stock is up, sparking buying in its bonds, after beer company surprises with profit beat | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Anheuser-Busch InBev\u2019s stock surged early Thursday after the company beat earnings estimates for the second quarter, even as North American numbers were\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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