USA: Anheuser-Busch Announces Record Sales and Earnings For The Third Quarter and Nine Months of 2000
Driven by accelerated growth in revenue per barrel and continued strong unit volume growth in domestic beer operations, Anheuser-Busch Companies, Inc. (NYSE:BUD) achieved record sales and earnings for the third quarter and nine months ended September 30, 2000, it was announced today by August A. Busch III, Chairman of the Board and President. Earnings per share for the third quarter and nine months increased 14.3 percent and 15.0 percent, respectively, compared to last year. "This is the eighth consecutive quarter of solid double-digit earnings per share growth for the company," said Mr. Busch. "The leading brand portfolio in the industry along with our marketing, sales and distribution strengths allow us to capitalize on the significantly improved domestic industry fundamentals." Domestic revenue per barrel grew over 3 percent in the third quarter 2000 and is up 2.5 percent for the nine months, compared to the same periods last year. Strong revenue per barrel growth in the third quarter reflects the improved industry fundamentals and the company's strategy to focus on beer profit margin growth. "Domestic beer sales-to-wholesalers increased 2.7 percent for the third quarter and 3.1 percent for the nine months of 2000," Mr. Busch said. Domestic sales-to-retailers volume was up 1.7 percent for the third quarter and 3.1 percent for the nine months of 2000, compared to the same periods last year. As previously communicated, third quarter 2000 sales-to-retailer results were negatively impacted by the timing of the 4th of July holiday which shifted volume from July to June. Normalized for this timing impact, third quarter sales-to-retailer volume increased 2.7 percent vs. the third quarter last year. The company's reported beer volume is summarized in the following table:
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Why Chinese beverages won't conquer the world
- Is “Craft” the Next Big Thing for Soft Drinks?
- Gin: Plymouth's from Plymouth, London's from...?
- Petropolis Finally Moving into SABMiller's View?
- Can Coca-Cola fuel SABMiller's soft drinks story?
- Diageo confirms Australia RTD abv drops
- Pernod launches online Ballantine's "experiment"
- Global vodka sales slip in 2013 - research
- SABMiller returns to Brazil with Petropolis tie-up
- Pernod takes Absolut Warhol push to Travel Retail
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global vodka insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- The IWSR Global Trends Report 2014