Anheuser-Busch InBev SA/NV (BUD) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET
Company Participants
Michel Doukeris - CEO
Fernando Tennenbaum - CFO
Conference Call Participants
Rob Ottenstein - Evercore ISI
Trevor Stirling - Bernstein
Priya Ohri-Gupta - Barclays
Edward Mundy - Jefferies
Simon Hales - Citi
Sanjeet Aujla - UBS
Laurence Whyatt - Barclays
Sarah Simon - Morgan Stanley
Brett Cooper - Consumer Edge
Operator
Welcome to Anheuser-Busch InBev's First Quarter 2024 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, Chief Executive Officer; and Mr. Fernando Tennenbaum, Chief Financial Officer.
To access the slides accompanying today's call, please visit AB InBev's website at www.ab-inbev.com and click on the Investors tab and the Reports and Results Center page. Today's webcast will be available for on-demand playback later today. At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. [Operator Instructions]
Some of the information provided during the conference call may contain statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. It is possible that AB InBev's actual results and financial condition may differ, possibly materially from the anticipated results and financial condition indicated in these forward-looking statements.
For a discussion of some of the risks and important factors that could affect AB InBev's future results, see Risk Factors in the company's latest Annual Report on Form 20-F filed with the Securities and Exchange Commission on the 11th of March 2024.
AB InBev assumes no obligation to update or revise any forward-looking information provided during the conference call and shall not be liable for any action taken in reliance upon such information.
It is now my pleasure to turn the floor over to Mr. Michel Doukeris. Sir, you may begin.
Michel Doukeris
Thank you, and welcome, everyone, to our first quarter 2024 earnings call. It is a great pleasure to be speaking with you all today.
Today, Fernando and I will take you through our first quarter operating highlights and provide you with an update on the progress we've made in executing our strategic priorities. After that, we'll be happy to answer your questions.
Let's start with our operating performance and the key highlights for the quarter. We are encouraged by our continued momentum and results to start the year. We delivered broad-based top line and bottom-line growth with market share gains and volume increases in the majority of our markets. Our megabrands led our growth with 6.7% net revenue increase.