The world’s biggest brewer, Anheuser-Busch InBev SA said Thursday that it lost $170 million in profits during the first two months of 2020 because of the coronavirus epidemic as it reported a fall in net profit.

The company, which houses Budweiser BUD, -0.75% , ABI, -4.87% Stella Artois and Corona among its brands, said it estimates the loss of revenue in the period is $285 million due to the Covid-19 epidemic and that it continues to monitor developments.