Anheuser-Busch reaffirms positive growth outlook
The outlook for Anheuser-Busch Companies, Inc.’s sales and earnings growth continues to be favourable, executives of the company told a gathering
of investors at the Prudential Securities Consumer Conference in September.
W. Randolph Baker, Vice President and Chief Financial Officer, reaffirmed the company’s 12% target for earnings per share growth in 2001. Baker also reaffirmed that the company expects its domestic beer shipments and sales-to-retailers to increase 1.5% for the full year 2001, while at the same time achieving a revenue per barrel gain of approximately 2.8%.
"The domestic beer industry outlook for both volume and pricing is very strong," August A. Busch IV, Group Vice President, Marketing and Wholesale Operations, was quoted as saying.1% and were up 0..
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