LONDON: Anheuser-Busch InBev NV, the world’s largest brewer, has forecast the steepest decline in quarterly profit in at least five years due to the coronavirus.
First-quarter earnings will drop about 10% after fourth-quarter profit declined more than analysts estimated. AB InBev blamed the biggest jump in raw material costs in a decade for last year’s performance, and said it was a disappointment for the company.
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