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Fourth Quarter STRs Down 4%

March 8, 2012A-B Loses 0.6 Share in 2011Fourth Quarter STRs Down 4%Dear Client:AB InBev's shipment volumes declined 3.2% in 2011 in the US, and down 5.0% in the fourth quarter. Selling day adjusted STRs were a little better. Fourth quarter volumes were "negatively impacted by the timing of our October 2011 price increase which led to soft volumes in the first half of that month," ABI said in their earnings report.The industry was down 1.8% in 2011, so A-B estimates

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