A-B Chief Talks April Trends, Throttling Innovation and More

Dear Client: After yesterday’s Anheuser-Busch InBev earnings call, we got A-B chief Michel Doukeris on a Zoom session to dig more into the results, and some comments Brito had made about the U.S. (see story below).   ON Q1 DEPLETIONS: ACTUALLY CLOSER TO UP 1%... First we asked: How did the month of April fare? Before offering that color, Michel pointed out that the -0.7% depletion trend we reported (per earnings) was sales day adjusted. “But if you see the depletion