Reported 2 days ago
AB InBev reported a disappointing drop in second-quarter sales volumes due to weak demand in Brazil and China, leading to a significant decline in its stock price. Shares fell 11.2%, reaching a five-month low, despite the company achieving revenue and profit growth. There are concerns about industry growth, especially as rival Heineken also expressed caution about market conditions. Analysts point out that while AB InBev has performed well in North America, challenges in key markets like Brazil could threaten its position.
Source: YAHOO