Profits for Anheuser-Busch InBev fall 24 percent

Anheuser-Busch InBev reported a 24 percent drop in fourth-quarter profits today, the St. Louis Business Journal reports.

And what are the numbers behind the drop? According to the Business Journal:

• Profits were $968 million in the fourth quarter, down from $1.3 billion a year earlier.
• The company did have a 2 percent increase in revenue though, raking in $9.5 billion, up from $9.3 billion in the same period the prior year.

The brewer also told the Business Journal that double-digit volume growth outside the United States offset last year's decline in the home market. Market share was also up for the brewer in the UK, China and Canada.