(Bloomberg) — Anheuser-Busch InBev NV, the world’s largest brewer, forecast the steepest decline in quarterly profit in at least a decade due to the coronavirus.First-quarter earnings will drop about 10% after profit growth in 2019 that AB InBev called disappointing. The brewer blamed the biggest jump in raw material costs in a decade for last year’s performance. The stock fell as much as 6.1%.For a company that says its main product brings people together, the coronavirus presents a particular problem as consumers in China avoid going out in public. Shipments had already started to slow in that market at the …read more
Source:: Yahoo Finance
