Tough Times For Anheuser-Busch, As Pandemic Creates Big Global Declines

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.

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