AB InBev eliminates bonuses as earnings trail estimates

The job losses follow last year's merger

The company also raised its target for cost savings related to the takeover of SABMiller.

Revenue per hectoliter grew 3.9%.

Quarterly total volumes declined by 3.3%, with own beer volumes down 3.0% and non-beer volumes down 4.4%.

Global brand revenue increased 2.8% year over year during the quarter, including growth of 2.8% from Budweiser, 6.3% from Stella Artois, and 14.3% from Corona.

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" ... AB InBev acknowledged that its market share in Brazil had declined in 2016". After this merger, the company could tap new growth in Africa and other emerging markets like Colombia and Peru. Brands that are distributed under these agreements are Pepsi, 7UP and Gatorade. In Europe, our top-line grew 4.5% over FY15, driven by the evolution of our premium brands. In the majority key markets, it saw improving market share trends.

In October 2016, we completed our combination with SABMiller, making us the first truly global brewer and one of the world's leading consumer products companies.

The company's performance in the US was more mixed. As it stands, the company has already captured just over $800 million of that total, and expects to realize the remaining $2.0 billion over the next three to four years. The Company's brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; worldwide brands, including Beck's, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.

The brewer said Thursday that savings from its $100 billion-plus megamerger with rival SABMiller will likely reach at least $2.8 billion compared with $2.45 billion previously.

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