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Anheuser Busch Inbev – BUD cuts forecasts

By: Emerging Money
Posted: 4/30/2013 8:28:00 AM
Referenced Stocks:

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"] Image courtesy Chris Yunker: [/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.