A-B Posts Strong Third Quarter
Sandy Updates

Dear Client:"Following three challenging years, the industry has shown encouraging improvement in 2012." So says AB InBev, seeming to signal that things have turned around. In the US, ABI estimates that the industry declined by 0.4% but grew in the nine months by 0.3%, selling days adjusted.A-B's depletion volumes declined 0.9% in the third quarter (shipments up 1.5%), and down only 0.2% for the nine months, continuing to outperform MillerCoors but still losing share.That means A-B's market share is only