"Volumes in Brazil in March, in particular, were more challenging than expected," Anheuser-Busch...

|About: Anheuser-Busch InBev SA/NV (BUD)|By:, SA News Editor

"Volumes in Brazil in March, in particular, were more challenging than expected," Anheuser-Busch Inbev (BUD) says, impacted by high food inflation and a slowdown in the growth of disposable income. "We expect these factors to continue to put pressure on volumes in the short term. We are therefore revising our outlook for volume growth in Brazil and now expect that beer industry volumes in FY13 will be either flat or down low single-digits compared to FY12."