Randy: “Performance Below Our Expectations”

Now that we've listened to A-B's analyst conference call, we have more clarity on A-B's performance in the third quarter. The main data point that stuck out was that the Bud family of brands was down just under 1%, and that Bud Light was up low single digits, a deceleration compared to last quarter against easier comps.CORE BRANDS SOFT. A-B cfo Randy Baker said that A-B suffered a tough September, despite good weather, which is why distributor inventories are high.