What happened Shares of Anheuser-Busch InBev (NYSE: BUD) fell more than 10% on Monday, as investors grew increasingly concerned with the beer titan's earnings prospects. So what Anheuser-Busch InBev is getting hit from multiple angles. Its core beer business, already weakened from surging demand for its competitors' hard seltzer drinks, is now facing an even more menacing threat: COVID-19. The disease caused by the novel coronavirus is spreading around the world, dampening beer sales in the process. People in China and other countries are going to social gatherings less often, including those at bars and sporting events, where much of Anheuser-Busch InBev's sales take place. Image source: Getty Images. Now what The beer giant has already lost more than $170 million in profits so far this year from the COVID-19 outbreak. And with many major sporting events, including the Olympics, likely to be delayed or canceled, more pain probably lies ahead for investors. Management expects Anheuser-Busch InBev's earnings before interest, taxes, depreciation, and amortization (EBITDA) to fall as much as 10% in the first quarter, in part because of a coronavirus-related downturn in sales. 10 stocks we like better than Anheuser-Busch InBev NVWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Anheuser-Busch InBev NV wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends Anheuser-Busch InBev NV. The Motley Fool has a disclosure policy.Source