Skip to content
Subscriber Only

Beer Giant AB InBev Loses $20 Billion in Market Value

  • AB InBev lowers earnings outlook to ‘moderate’ growth
  • Asian unit reports volume decline weeks after holding IPO
Inside An SABMiller Plc Beer Distributor As Offer May Cost Budweiser Maker More Than $100 Billion
Photographer: Daniel Acker/Bloomberg
Updated on

The Asian business that Anheuser-Busch InBev NV separated last month with the promise of tapping into China’s growth is now weighing on performance of the world’s largest brewer.

The Budweiser maker’s shares fell as much as 11% in European trading, lopping off more than $20 billion of market value, after profit growth stumbled in the third quarter. The company cited a drop in beer shipments in China, the U.S. and Brazil and said it expects “moderate” full-year earnings gains, down from “strong” previously.