Shares of Anheuser-Busch Inbev SA (BUD) plunged 11.50% in pre-market trading on Thursday following the release of its disappointing second-quarter earnings report. The beverage giant's stock took a significant hit as investors reacted to missed revenue targets and declining sales volumes, raising concerns about the company's growth prospects.

Anheuser-Busch InBev reported quarterly sales of $15.004 billion, falling short of the analyst consensus estimate of $15.380 billion by 2.45%. This represents a 2.15% decrease compared to sales of $15.333 billion in the same period last year. Despite beating earnings expectations with $0.98 per share against an estimated $0.97, the company's overall volumes declined by 1.9% in Q2, with beer volumes down by 2.2%.

The brewer's performance was particularly weak in key markets, with volumes in Brazil declining by 6.5% and a 7.4% volume decrease in China. These volume shortfalls across multiple regions have overshadowed the slight uptick in non-beer volumes and better-than-expected performance in North America, prompting investors to reassess Anheuser-Busch Inbev's near-term growth trajectory and market position in the global beverage industry.