Simon Zekaria – The Wall Street Journal, 07/31/2012
Anheuser-Busch InBev N.V. BUD -2.28% Tuesday posted a forecast-beating increase in profit boosted by price increases and a volume rise in Brazil, one of its key markets.
Second-quarter net profit rose to $1.96 billion from $1.45 billion a year earlier, beating market expectations of $1.79 billion.
Still, AB InBev’s closely-watched earnings before interest, taxes, amortization and depreciation dipped to $3.59 billion from $3.75 billion, lower than expectations of $3.67 billion, hit by the weakness of the Brazilian Real against the U.S. Dollar. Revenue slipped to $9.87 billion from $9.95 billion.
