Anheuser-Busch Achieves Record U.S. Beer Volume In 2000.Business Editors ST. LOUIS--(BUSINESS WIRE)--Jan. 8, 2001 Anheuser-Busch, Inc., (NYSE NYSE See: New York Stock Exchange :BUD) the U.S. beer subsidiary of Anheuser-Busch Companies, Inc., achieved record U.S. beer sales volume in 2000, it was announced today by Anheuser-Busch, Inc. Chief Executive Officer, Patrick T. Stokes Stokes , William 1804-1878. British physician. Known especially for his studies of diseases of the chest and heart, he expanded on the observations of John Cheyne in describing the breathing irregularity now known as Cheyne-Stokes respiration. . "We are pleased to report that our domestic beer shipments to wholesalers grew to an all-time all-time adj. Exceeding all others up to the present time: an all-time speed skating record. all-time Adjective Informal high of 98.3 million barrels in 2000 -- increasing 2.6 million barrels or 2.7 percent over 1999," said Mr. Stokes. "This record achievement was led by the Bud Family. Once again, Bud Light - the second largest beer brand in the world behind Budweiser - delivered outstanding results, registering its ninth consecutive year of double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. growth. This strong performance is the result of hard work and dedication by our sales team and independent wholesalers across the country," Mr. Stokes noted. Wholesaler sales-to-retailers grew 2.5 percent for the full year 2000. Fourth quarter beer shipments by Anheuser-Busch to wholesalers grew 1.4 percent while wholesaler sales-to-retailers in the fourth quarter grew 1 percent. Fourth quarter 2000 sales growth compared to fourth quarter 1999 was impacted somewhat by the millennium millennium [Lat.,=1,000 years], the period of 1,000 years in which, according to some schools of Christian eschatology, Christ will reign again gloriously on earth. Belief in the millennium, based on Rev. 20, has recurred in Christianity since the earliest times. celebration sales benefit at the end of 1999. Anheuser-Busch Companies, Inc. will announce worldwide beer volume and consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: earnings results for the fourth quarter and full year 2000 in the first week of February February: see month. . Consistent with statements in the third quarter earnings release, the company continues to expect 15 percent earnings per share growth in the fourth quarter and full year 2000. Anheuser-Busch's earnings per share growth target is 12 percent for 2001. "We have solid trends heading into 2001. We are confident that having the highest quality and freshest beers in the industry, combined with exceptional marketing and solid sales execution, will result in another very good year for Anheuser-Busch in 2001," concluded Mr. Stokes. This release contains statements regarding the company's expectations concerning its future operations, earnings and prospects. These statements are forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. and involve significant risks and uncertainties, and accordingly, no assurances can be given that such expectations will be correct. These expectations are based upon many assumptions that the company believes to be reasonable, but such assumptions may ultimately prove to be inaccurate or incomplete, in whole or in part. Further information on factors that could affect the company's future operations and earnings is included in the company's Forms 10-Q and 10-K. SOURCE: Anheuser-Busch Companies, Inc. |
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