A-B: Bud Light Has Worst Quarter of Year; Can Team Cans Save?

Dear Client: Anheuser-Busch InBev's Q3 showing was tepid at best. In the U.S., Bud Light had its worst quarter of the year, and U.S. depletions were down almost 4% in the quarter. On the other end, The High End, Stella and Mich Ultra continue to lead gains. Brazil dragged majorly on global results. But at least they're still making money. IN THE U.S, REVS PER HECTOLITER WERE UP 2.3% in the quarter, driven primarily by revenue management and positive brand