News

USA: Anheuser-Busch Announces Record Sales and Earnings For The Third Quarter and Nine Months of 2000

Most popular

The just-drinks Analyst returns

Why spirits must rethink its future positioning

The just-drinks Analyst returns

Why spirits should look back to move forwards

Gaming - the next frontier for drinks marketing

MORE

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:


Related Content

Remy Cointreau nine months fiscal-2018 - results data

Remy Cointreau nine months fiscal-2018 - results data...

Can Q4 make up for Concha y Toro's flat sales in 2018? - results data

Can Q4 make up for Concha y Toro's flat sales in 2018? - results data...

Pernod Ricard Q3 & year-to-date fiscal-2018 sales performance - results data

Pernod Ricard Q3 & year-to-date fiscal-2018 sales performance - results data...

Sales slow in Q3 for United Spirits as demonetisation drags - results

Sales slow in Q3 for United Spirits as demonetisation drags - results...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?