ABInBev Volume Down 9.3% in First Qtr Due to Pandemic
Anheuser-Busch InBev released their 2020 first quarter earnings report and it is a stark reminder of just how rough the global pandemic has been on the beer industry. Total volume worldwide was down 9.3% and total revenue was down 5.8%. April volume was down a huge 32%.
The company also said that second quarter 2020 results could be “materially worse” than first quarter results.
ABInBev 2020 first quarter earnings report in full here.
