Slow Brazil, Russia Demand Hurts AB InBev Volume

Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, said volume fell for a second straight quarter as higher prices restrained demand in Brazil and sales contracted in a declining Russian market. Organic volume, which excludes the effect of acquisitions and disposals, dropped 0.3 percent, the Leuven, Belgium-based company said today, missing the median estimate of six analysts for a 2 percent increase. Sales of more expensive beers enabled the brewer to boost total revenue more than estimated. (Bloomberg BusinessWeek)