Anheuser-Busch Cos. Reports Increased Sales and Earnings for the Second Quarter and First Six Months of 2007
July 25, 2007
ST. LOUIS, July 25, 2007 – Anheuser-Busch Cos. Inc. today reported that second quarter 2007 net sales increased 6.1 percent and diluted earnings per share (excluding one-time items in both years) increased 7.4 percent 1/. For the first six months of 2007, net sales increased 4.5 percent and diluted earnings per share (excluding one-time items) improved 6.2 percent 1/.
“Anheuser-Busch had a solid quarter in many aspects of our core operations.” said August A. Busch IV, president and chief executive officer of the company. “Led by U.S. beer operations, all of our business segments reported improved earnings in the second quarter and the company is on track to deliver accelerating earnings growth in the second half of the year. The positive outlook is based on the favorable pricing environment, our broadened U.S. beer portfolio to access high-margin growth opportunities, successful productivity improvement initiatives that are mitigating cost pressures and enhanced earnings contributions from our international beer segment, led by Grupo Modelo. We continue to target long-term earnings per share growth in the 7 to 10 percent range and expect the company’s 2007 earnings per share increase to exceed this range.”
Consistent with its pattern for pricing actions in recent years, the company expects to implement increases on the majority of its U.S. beer volume in early 2008, with a few selective increases in the fourth quarter 2007. As in the past, pricing initiatives will be tailored to selected markets, brands and packages.
View Second Quarter and First Six Months Earnings Report
View Second Quarter Dividend Release
July 25, 2007
ST. LOUIS, July 25, 2007 – Anheuser-Busch Cos. Inc. today reported that second quarter 2007 net sales increased 6.1 percent and diluted earnings per share (excluding one-time items in both years) increased 7.4 percent 1/. For the first six months of 2007, net sales increased 4.5 percent and diluted earnings per share (excluding one-time items) improved 6.2 percent 1/.
“Anheuser-Busch had a solid quarter in many aspects of our core operations.” said August A. Busch IV, president and chief executive officer of the company. “Led by U.S. beer operations, all of our business segments reported improved earnings in the second quarter and the company is on track to deliver accelerating earnings growth in the second half of the year. The positive outlook is based on the favorable pricing environment, our broadened U.S. beer portfolio to access high-margin growth opportunities, successful productivity improvement initiatives that are mitigating cost pressures and enhanced earnings contributions from our international beer segment, led by Grupo Modelo. We continue to target long-term earnings per share growth in the 7 to 10 percent range and expect the company’s 2007 earnings per share increase to exceed this range.”
Consistent with its pattern for pricing actions in recent years, the company expects to implement increases on the majority of its U.S. beer volume in early 2008, with a few selective increases in the fourth quarter 2007. As in the past, pricing initiatives will be tailored to selected markets, brands and packages.
View Second Quarter and First Six Months Earnings Report
View Second Quarter Dividend Release