AB InBev CEO Brito Loses Bonus as Earnings Trail Estimates
- Brazil leads fourth-quarter profit drop on faltering economy
- Brewer’s higher cost-savings target disappoints some analysts
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Anheuser-Busch InBev NV Chief Executive Officer Carlos Brito will miss out on a bonus for the first time since 2008 after earnings at the Budweiser maker missed analysts’ estimates for a seventh straight quarter.
Chief Financial Officer Felipe Dutra will also get nothing from the bonus pool, the Leuven, Belgium-based company said Thursday as it announced an increase to its cost-saving target that left some analysts disappointed. The stock fell as much as 3.3 percent in Brussels.