AB InBev hit by marketing and transport

City A.M. Reporter
ANHEUSER-Busch InBev, the world’s largest brewer, fell short of second-quarter earnings expectations due to the expense of marketing new US brands and higher transport costs there and in Brazil yesterday, but it forecast improvements in the second half of the year.

The company, which last month agreed to buy out its partner in Mexico, reported a 2.5 per cent like-for-like rise in core profit in April to June to $3.59bn (£2.28bn).

It said its margin had slipped due to an decrease of shipments to US wholesalers, and the cost of marketing its new brands.