Anheuser Busch Inbev (BUD, quote) cuts Brazil beer forecast after profit misses estimates
Anheuser Busch in St. Louis, Missouri
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.