Anheuser-Busch third quarter net rises
Anheuser-Busch Cos. Inc., the world’s No. 1 brewer, reported a net income increase of 8.5 percent in the third quarter, as sales volume rose and the company was able to command higher prices despite a sluggish economy. Net income rose to $559 million from $515 million a year earlier. Earnings per share were up 62 cents from 56 cents. The company has consistently said it expects earnings per share to rise 12 percent for the year. Net sales rose 1.5 percent to $3.45 billion. Gross sales, which exclude excise taxes, rose 1.5 percent to $3.94 billion.
Sales to hotels, restaurants, and other off-trade venues declined sharply in the two weeks following the 11 September attacks, and other sales dropped slightly. The St. Revenue per barrel grew 3 percent in the quarter.6 percent, up 0.S.7.
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