New York (CNN Business) It's been a difficult year for the seller of Corona, Budweiser and Stella Artois — and 2020 doesn't look much better.

The company's sales grew tepidly last year. Costs are up. And coronavirus has killed demand for alcoholic drinks in China.

"Our performance in 2019 was below our expectations, and we are not satisfied with these results," CEO Carlos Brito said during an analyst discussing financial results for the fourth quarter and full year.

Because of the poor results, Brito won't receive a bonus for the second half of the year.

Last year was tough for AB InBev.

Shares of the company fell about 8% Thursday on the news.

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