The COVID-19 pandemic
has changed the world, and for the moment at least, changed Anheuser-Busch InBev worldwide, as it outlined in its Q1 financial results. The world’s largest brewery
said its global volumes dropped 9. 3% for the first quarter and revenue declined nearly 6% to $11 billion for the quarter. That might look good compared to the
first month of the second quarter, when volume fell by 32%. CEO Carlos Brito admitted the company expects Q2 to be “materially worse” than the one that just ended. The company held a conference call with financial analysts Thursday, where Brito outlined plans for the months ahead in the challenging environment.
Read more at: