London - Anheuser-Busch (AB) InBev [JSE:ANB] reported a surprise drop in third-quarter profit and cut its revenue forecast on a slump in Brazil, spoiling the Budweiser maker’s first set of results since it completed the $103bn takeover of SABMiller [JSE:SAB].
Adjusted earnings before interest, taxes, depreciation and amortization fell 2%, the Belgian brewer said in a statement on Friday.
Analysts expected 4.5% growth. AB InBev said it no longer expects sales growth to beat inflation in 2016 because of declining volume in Brazil. The shares fell as much as 6% in Brussels.