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Anheuser-Busch Cos. Reports Increased Sales And Earnings For The Third Quarter And Nine Months Of 2006
October 25, 2006
ST. LOUIS, October 25, 2006 - Led by strong domestic beer revenues and earnings, Anheuser-Busch Cos. Inc. today reported that third quarter 2006 net sales increased 4.7 percent and diluted earnings per share (excluding a one-time litigation settlement in 2005) increased 7.9 percent. For the nine months of 2006, net sales increased 5.3 percent and diluted earnings per share (excluding one-time items in both years) improved 7.1 percent.
"We are pleased with our earnings results to date," said Patrick Stokes, president and chief executive officer of the company. "Earnings growth for the company's domestic beer business accelerated in the quarter, with pretax income up 7 percent. Beer shipments to wholesalers increased 1.1 percent in the third quarter while revenue per barrel was up 2.8 percent versus last year. Productivity improvement initiatives, along with somewhat lesser energy cost increases, have helped mitigate continuing cost pressures. In addition, our international beer segment, led by Grupo Modelo, and our entertainment segment are having outstanding years. We expect Anheuser-Busch's positive performance to continue through the end of the year and our earnings to continue to improve in 2007."
View Full Third Quarter Earnings Report (PDF)
October 25, 2006
ST. LOUIS, October 25, 2006 - Led by strong domestic beer revenues and earnings, Anheuser-Busch Cos. Inc. today reported that third quarter 2006 net sales increased 4.7 percent and diluted earnings per share (excluding a one-time litigation settlement in 2005) increased 7.9 percent. For the nine months of 2006, net sales increased 5.3 percent and diluted earnings per share (excluding one-time items in both years) improved 7.1 percent.
"We are pleased with our earnings results to date," said Patrick Stokes, president and chief executive officer of the company. "Earnings growth for the company's domestic beer business accelerated in the quarter, with pretax income up 7 percent. Beer shipments to wholesalers increased 1.1 percent in the third quarter while revenue per barrel was up 2.8 percent versus last year. Productivity improvement initiatives, along with somewhat lesser energy cost increases, have helped mitigate continuing cost pressures. In addition, our international beer segment, led by Grupo Modelo, and our entertainment segment are having outstanding years. We expect Anheuser-Busch's positive performance to continue through the end of the year and our earnings to continue to improve in 2007."
View Full Third Quarter Earnings Report (PDF)