AB InBev Earnings Miss Estimates on Weakness in U.S, Brazil
Faced with declining popularity of its flagship Bud and Bud Light brands, AB InBev is looking elsewhere for growth with different beer styles, new packaging like recloseable aluminum bottles and acquisitions of fast-growing American craft brews such as Elysian and 10 Barrel.
Photographer: Luke Sharrett/BloombergAnheuser-Busch InBev NV, the world’s biggest brewer, reported second-quarter profit growth that missed analyst estimates on worse-than-expected beer sales in Brazil, the U.S. and China.
Adjusted earnings before interest, taxes, depreciation and amortization rose 4.6 percent on an organic basis to $4.16 billion, the Leuven, Belgium-based maker of Stella Artois said Thursday in a statement. That lagged behind the median estimate of 17 analysts for 8 percent growth. The shares fell as much as