Anheuser-Busch InBev's results hurt by slowdown in Brazil. Anheuser-Busch Inbev ( BUD ) reported Q1 EBITDA of $3.43B, missing expectations of $3.57B as an 8.2% volume decline in Brazil hurt results. High food inflation and a slowdown in the growth of disposable income dented Brazilian consumers' wallets during the quarter and BUD "expect[s] those factors to continue to put pressure on volumes in the short term" but says it will "remain focused on what [it] can impact and influence" in order to mitigate volume declines. On the bright side, sales in China rose 16% as the company gained market share.