Business Spectator - Jul 23, 2008
NEW YORK - US brewer Anheuser-Busch Cos Inc, which has agreed to be acquired by Belgian rival InBev NV, reported higher quarterly profit, helped by the launch of Bud Light Lime.
The maker of Budweiser and Michelob said second-quarter profit was $US689 million, or 95 cents per share, compared with $US677 million, or 88 cents per share, a year ago.
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The Associated Press - Jul 23, 2008
MILWAUKEE (AP) - The nation's largest brewer, Anheuser-Busch Cos. Inc., reported a 1.8 percent rise in second-quarter profit on Wednesday on higher sales of its main brands and the successful launch of Bud Light Lime.
Anheuser-Busch also said it would raise prices again starting in September, and the increases will affect the majority of its U.S. sales volume.
$5.3 billion from $5.1 billion. After excise taxes, net sales rose 4.6 percent to $4.7 billion from $4.5 billion a year ago.
just-drinks.com - Jul 23, 2008
Anheuser-Busch has seen price increases in the US buoy its figures in the latest quarter.
The brewer, which is set to be acquired later this year by InBev, confirmed today (23 July) that sales in the three months to the end of June rose by 4.6% year-on-year to US$4.72bn, with net profit inching up 1.8% to $689m.
eer sales were up 17% primarily on higher sales in China and Canada, although packaging segment sales declined 3% due to lower can manufacturing revenues.
Reuters - Jul 23, 2008
NEW YORK, July 23 (Reuters) - US brewer Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research), which has agreed to be acquired by Belgian rival InBev NV
Bloomberg - Jul 22, 2008
By Duane D. Stanford July 22 (Bloomberg) - Anheuser-Busch Cos., the brewer being bought by InBev NV for $52 billion, may say tomorrow that second-quarter profit fell because of rising costs for barley and packaging materials.
Net income of the biggest U.S. beermaker may have declined 2 percent to $664.3 million, according to the average estimate of eight analysts in a Bloomberg survey. Earnings per share probably rose after the St. Louis-based company bought back stock.
ew. ``Almost everything from grains -- barley, hops -- to transportation costs have increased.''
Cabinet.com - Jul 21, 2008
By ASHLEY SMITH Merrimack has good reason to be concerned about its brewery now that Anheuser-Busch has been sold to an oversees brewer famous for its
CFO.com Magazine - Jul 21, 2008
Reports that InBev's acquisition of Anheuser-Busch will generate a large interest expense deduction for the Belgian company may be overstated.
Robert Willens
be so large that it would generate some $2 billion of interest expense each year.
HeraldNet - Jul 21, 2008
By Mike Benbow Like a lot of Americans, that's the story of my life. I've visited a lot of communities in my 56 years and my routine usually involves seeing
Boston Globe - Jul 21, 2008
Assuming that toothless US regulators rubber-stamp the deal, Belgium-based beer conglomerate InBev will soon be taking over America's largest brewer, St. Louis-based Anheuser-Busch. I know what you are thinking: How will this $52 billion takeover affect me?
As a public service, I will sift through the deal's most pressing concerns in question-and-answer format.
ee national languages - Dutch, French, or Walloon - they should bother learning.
The Associated Press - Jul 20, 2008
BRUSSELS, Belgium (AP) - The man who would be King of Beers is a no-frills leader without a company car or even his own desk. Brito, chief executive of brewer InBev SA, says he doesn't care for perks - and neither should the people who work for him. (AP Photo/Geert Vanden Wijngaert, File)
InBev CEO Brito: Brazil to Belgium to Bud
$52 billion takeover offer, has been described as "an American-style" manager who is fiercely private and admits himself that he did not always get "the people thing," when he started off in sales.