Anheuser-Busch InBev SA reported lower profit for the fourth quarter, blaming higher costs and lost market share in the U.S. to hard seltzer makers.
AB InBev—the world’s largest brewer, with brands such as Budweiser, Bud Light and Michelob Ultra—said its profit margins were hit by the highest annual increase in commodity and currency transaction costs in the past decade. It said consumers were trading down and spending less.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Who'd have guessed that tacky seltzer play they made would fall flat with the target audience? Everyone...
It Made 'Bud' Wiser but 'Bud' was made much 'Dumber'?
White Claw$. No Law$.
ppl don’t want to drink beer 🍺 anymore bc it’s nasty 🤢
The trade wars are hurting US manufacturers.
Budweiser sucks..... It’s the new Pabst.... ......bought out by the Canadians/French...... 🤢
Lost market share to good beer too. Probably didn't mention that, did they.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Once bulletproof, tech stocks now among market's biggest losersTechnology shares -- a key engine of the stock market's climb to records ov... This article doesn’t explore the connection between tech stocks and the coronavirus. Is it just that so much hardware is now manufactured in China, and supply lines may now be disrupted? Or are there other factors specific to tech?
Source: Reuters - 🏆 2. / 97 Read more »
Stock market live updates: Dow futures up 100, coronavirus cases jump, Disney fallsAfter this week’s historic market sell-off, these are the 2 things Leon Cooperman says he’s watching: “One is the coronavirus, does it get under control in a reasonable timeframe? And second that we don’t have a Socialist or Communist in the White House.” Being so narrow minded is what will kill this election.
Source: CNBC - 🏆 12. / 72 Read more »
Housing market strength underpins Home Depot's holiday-quarter resultsA strong housing market helped Home Depot post solid results in the holiday shopping quarter 0114-GA
Source: Reuters - 🏆 2. / 97 Read more »
Coronavirus fears spook stocks: Here's how to keep a cool head and protect your 401(k)U.S. stocks lost $1.7 trillion in market value over the past two days on mounting concerns the deadly coronavirus outbreak will further damage an already slowing global economy. May want to look at bigger return potential for this rocky market ride. $GRNF is a cannabis play poised to dwarf $acb, $tlry & $cgc. for more on this mega RM in motion regardless of coronavirususa. No worries. Do nothing it’ll be ok
Source: USATODAY - 🏆 100. / 63 Read more »