Anheuser-Busch pushing ahead
Anheuser-Busch Cos. Inc., the world’s largest brewer, announced on 5 February 2003 that fourth-quarter profit climbed amid a solid performance in the key U.S. market including sales of Michelob Ultra, its recently launched low-carbohydrate beer. The company said it earned US$269 million, or 32 cents per share, compared with US$228 million, or 26 cents, a year earlier. The result was in line with analysts’ expectations. St. Louis-based Anheuser-Busch said sales for the quarter rose 7.1 percent to US$3.10 billion. Last month the company said its shipments of beer to U.S. wholesalers hit an all-time high in 2002, and reiterated its earnings growth estimates for 2002 and 2003.
At that time, Anheuser-Busch backed its prior estimate for earnings growth of 18.5 percent in the fourth quarter..
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