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Anheuser-Busch Inbev (BUD): Q1 Ebitda of $3.43B misses by $0.14B. Revenue +1.5%. Volume declined...

Anheuser-Busch Inbev (BUD): Q1 Ebitda of $3.43B misses by $0.14B. Revenue +1.5%. Volume declined by 4.1%, led by an 8.2% plunge in Brazil; China volume rose 15.5%. Cost of sales rose 3.8% due to input costs. Gross margins shrunk 96 bps to 57.4%. Shares -2.9% in Brussels. (PR, Bloomberg)
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