Shares of World's Largest Brewer AB InBev Tumble 9% on Declining Volumes
10 Articles
10 Articles
Anheuser-Busch InBev CFO dismisses concerns over young adults’ beer consumption
Anheuser Busch InBev shares fell as much as 11% as the brewer on Thursday reported declining volumes in the second quarter. Article Attribution | Read More at Article Source The post Anheuser-Busch InBev CFO dismisses concerns over young adults’ beer consumption appeared first on RocketNews.
AB InBev shares fell as much as 11 percent on Thursday after the world’s largest brewer reported a bigger-than-expected decline in second-quarter volumes, even as revenue and profit rose. The Budweiser maker said volumes fell 1.9 percent from a year earlier in the three-month period, significantly more than the 0.3 percent decline analysts had forecast due to weaker demand for its beer products. The shares pared losses and were last down 8.71 pe…
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