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Anheuser-Busch Highlights Improved Results and Outlook
November 28, 2006
NEW YORK (November 28, 2006) - Anheuser-Busch's sales and earnings results rebounded during the first nine months of the year compared to 2005 and the company's earnings outlook remains positive, company management told investors and analysts at a presentation in New York today.
"While volume growth for Anheuser-Busch and the industry has slowed in the second half of this year, improving revenue per barrel and cost of goods sold results have contributed to an acceleration in domestic beer profit growth," W. Randolph Baker, vice president and chief financial officer of Anheuser-Busch Companies, told investors.
Implementation of the company's 2007 pricing plan is underway, with the majority of price increases scheduled to take place early next year. The company expects revenue per barrel growth to be somewhat greater in 2007 than in 2006, while cost of goods sold per barrel is expected to be up less than in 2006, due in part to lower energy costs.
View Full Results and Outlook (PDF)
November 28, 2006
NEW YORK (November 28, 2006) - Anheuser-Busch's sales and earnings results rebounded during the first nine months of the year compared to 2005 and the company's earnings outlook remains positive, company management told investors and analysts at a presentation in New York today.
"While volume growth for Anheuser-Busch and the industry has slowed in the second half of this year, improving revenue per barrel and cost of goods sold results have contributed to an acceleration in domestic beer profit growth," W. Randolph Baker, vice president and chief financial officer of Anheuser-Busch Companies, told investors.
Implementation of the company's 2007 pricing plan is underway, with the majority of price increases scheduled to take place early next year. The company expects revenue per barrel growth to be somewhat greater in 2007 than in 2006, while cost of goods sold per barrel is expected to be up less than in 2006, due in part to lower energy costs.
View Full Results and Outlook (PDF)