Anheuser-Busch InBev Q1 Revenues $15.27B, EPS +20.8%, Price Target Raised to €68
BUD•Anheuser-Busch InBev reported underlying Q1 EPS of $0.97, up 20.8%, on revenues of $15.27 billion, a 12% rise that surpassed estimates and drove a 9.3% share price increase. The brewer also secured Cannes Lions Creative Marketer of the Year for a record third time, enhancing its global brand influence.
1. Q1 Financial Results
Anheuser-Busch InBev delivered underlying earnings per share of $0.97 in Q1 2026, up 20.8% year-on-year, while revenues climbed 12% to $15.27 billion, both figures beating consensus estimates and reflecting strong consumer demand.
2. Analysts Raise Price Target
Deutsche Bank retained its Hold rating on the stock but raised its price target to €68 from €63 following the robust quarterly performance, signaling increased confidence in the company’s valuation.
3. Organic Volume Turnaround
The company achieved its first organic volume growth in three years with a 0.8% increase by prioritizing top-selling brands and expanding beer alternatives, ending a prolonged slide in volumes.
4. Cannes Lions Third Win
AB InBev earned Creative Marketer of the Year at the Cannes Lions festival for an unprecedented third time, underlining its marketing excellence and reinforcing its brand leadership globally.
