Anheuser-Busch InBev Profit Jumps as Beermaker Cuts Costs
1. BUD's Q1 net profit nearly doubled to $2.15 billion. 2. Revenue growth of 1.5% fell short of forecasts. 3. SG&A expenses decreased nearly 6% due to cost controls. 4. Beer volumes declined 2.2% overall; gains in Latin America and South Africa. 5. Shares rose 2.5% following strong earnings despite volume drop.