Brewers and distilleries are hit hard by the pandemic
Tue, Mar 24, 2020 - 4:08 PM
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...