AB InBev suffers first core profit decline on Brazil slump

CNBC | on Thu, Mar 2, 6:18 AM

Anheuser-Busch InBev[1], the world's largest brewer, suffered its first decline in core earnings since its formation over a decade ago as recession-hit Brazil depressed beer sales by even more than expected. The brewer of Budweiser, Stella Artois and Corona, which makes more than a quarter of the world's beer, highlighted difficulties it faces in Brazil, its second largest market, with both lower sales and increased costs due to the weaker real. The company, which paid nearly $100 billion to ...

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