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Brewers and distilleries are hit hard by the pandemic

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AB InBev had forecast earnings growth of as much as 5 per cent in February, but the scale and magnitude of the coronavirus forced the company to abandon that target, the world's largest brewer said Tuesday.

[BRUSSELS] Anheuser-Busch InBev withdrew its earnings outlook for 2020 and Pernod Ricard forecast a 20 per cent drop in profit as the coronavirus pandemic strikes makers of alcoholic drinks by preventing barhopping.

AB InBev had forecast earnings growth of as much as 5 per cent in...

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