Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China. The brewer of Budweiser, Corona and Stella Artois sold 9.3% less beer and other drink than a year ago in the first three months of 2020, but this decline worsened to about a third in April as bars and restaurants closed and some production halted. The Belgium-based beer maker did say, however, there were early signs of recovery in China and South Korea as restaurants, and to a lesser extent clubs, …read more
Source:: Yahoo Finance
