Anheuser-Busch reports 18% earnings increase.AP-Led by strong beer sales both in the U.S. and abroad, Anheuser-Busch Cos. Inc.'s profit rose 18 percent in the fourth quarter.
The St. Louis-based maker of the world's best-selling regular and light beers, Budweiser and Bud Light, earned $269 million, or 32 cents per share Cents per share
The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , in the October-December period compared to $228 million, or 26 cents per share, a year ago.
Analysts surveyed by First Call/Thomson Financial anticipated earnings of 36 cents a share.
In trading on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Anheuser-Busch stock fell 4 cents to close at $48.15 a share.
Net sales Net Sales
The amount a seller receives from the buyer after costs associated with the sale are deducted.
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 7.1 percent to $3.10 billion from $2.89 billion.
"These accomplishments reflect our proven ability to capitalize on Cap´i`tal`ize on`
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. continued favorable domestic beer industry fundamentals and the strong earnings growth contribution by our international beer segment," said Patrick Stokes Patrick T Stokes is the former president and CEO of Anheuser-Busch Companies, Inc. He is now chairman of the Board of Directors of the Anheuser-Busch Companies, Inc. Leadership at Anheuser-Busch
In 1990, Stokes became president of Anheuser-Busch, Inc. , president and chief executive officer.
For the full year, the company earned $1.93 billion, or $2.20 per share, up from $1.7 billion, or $1.89 per share, in 2001. Net sales for the year rose to $13.57 billion from $12.91 billion a year earlier.
Worldwide beer sales volume grew 0.6 percent to 25.2 million barrels in he fourth quarter and was up 2.5 percent to 109.8 million barrels for all of 2002.
The company continued to inch closer to having half the domestic beer market. Anheuser-Busch's domestic market share rose 0.5 percent in 2002 to 49.2 percent.
Stokes said the company continues to project 12 percent growth in 2003.
"Anheuser-Busch has the leading brands...substantial market share leads over our nearest competitors; successful pricing strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing
Setting the price based upon prices of the similar competitor products. ; and a strong financial position," Stokes said.