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Anheuser Busch Inbev – BUD cuts forecasts
4/30/2013 8:28:00 AM
By: Emerging Money
Anheuser Busch Inbev ( BUD , quote ) cuts Brazil beer forecast after profit misses estimates[caption id="attachment_76922" align="alignright" width="300" caption="Anheuser Busch in St. Louis, Missouri"] [/caption]
BUD opens down -3.4% in local market, Brussels. Brazil is BUD's 2nd largest market behind U.S. and where the growth was coming from.
BUD did see 16% increase in sales in China through its Budweiser and Harbin products.
Forecasts on the whole are coming in lower.