Anheuser-Busch's quarterly earnings go flat

The nations largest brewer had a 24% profit drop recently due to many determining factors which include: competition from other alcoholic drinks such as wines and spirits and a charge for a legal settlement. They only earned $518 million as of September 30th, which is a drop from the $684 million of last year. Patrick Stokes, president and chief executive officer also said, “both the company and the domestic beer industry have experienced volume declines and significant cost pressures.” I think pressures from cost are going to have just a short run effect on the beer industry and it won't be long before their profit will increase back to its normal range.