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ANHEUSER-BUSCH ACHIEVES RECORD FIRST QUARTER SALES AND EARNINGS

 ANHEUSER-BUSCH ACHIEVES RECORD FIRST QUARTER SALES AND EARNINGS
 ST. LOUIS, April 22 /PRNewswire/ -- Anheuser-Busch Companies, Inc. (NYSE: BUD) achieved record sales and earnings during the first quarter of 1992, it was announced today by August A. Busch III, chairman of the board and president.
 The company's solid first quarter performance was due primarily to the higher profitability of Anheuser-Busch, Inc., the company's brewing subsidiary, and to lower financing cost.
 Operating results for the first quarter of 1992 were as follows:
 Gross sales of $3.02 billion, an increase of 3.4 percent over gross sales of $2.92 billion for the first quarter of 1991.
 Net income of $224.0 million, an increase of 11.5 percent compared with $200.9 million for the same period a year ago.
 Earnings per share of 77 cents, compared with 70 cents for the first quarter of 1991, an increase of 10.0 percent.
 "Based on our first quarter performance, we are optimistic that 1992 will be another good year for Anheuser-Busch," Mr. Busch said.
 Anheuser-Busch, Inc. sales to wholesalers were a record 20.9 million barrels during the first quarter of 1992, an increase of 487,000 barrels, or 2.4 percent, over the 20.4 million barrels sold during the first quarter of 1991. First quarter 1992 sales by wholesalers to retailers grew at double the rate of growth in reported sales, well ahead of the depressed excise tax-impacted levels of a year ago.
 For the first three months of 1992, Anheuser-Busch beer sales volume was approximately 46 percent of total brewing industry sales (including imports), based on Beer Institute sales estimates. This market share level increases the company's significant lead over its nearest competitor.
 For 1992, Anheuser-Busch, Inc. is committed to focusing increased marketing and merchandising support on its premium and super-premium brand families -- the Budweiser and Michelob families and O'Doul's, the company's non-alcohol brew. The company has increased its marketing support by over $100 million, allocating most of the increase to its premium brands.
 "Given this extra support -- along with our broad range of quality products, our excellent wholesaler distribution system and the best employees in the brewing industry -- we are optimistic about the future," Mr. Busch said.
 In speaking to shareholders at the company's annual meeting in Orlando, Fla., Mr. Busch also stated, "We have learned a lot about what it takes to be number one during our 35 years of industry leadership. We know it takes hard work, a commitment to quality, and a well planned, clear sense of direction. Anheuser-Busch will remain committed to these principles so that our winning tradition will continue this year and in the years to come."
 ANHEUSER-BUSCH COMPANIES, INC.
 Comparative Statement of Earnings
 First Quarter
 (in millions, except per share)
 1992 1991
 Barrels Sold - All Beers 20.9 20.4
 Gross Sales $3,024.0 $2,924.1
 Excise Taxes 402.9 382.7
 Net Sales 2,621.1 2,541.4
 Cost of Products & Services 1,680.8 1,671.7
 Marketing, Distribution and
 Administrative Expenses 536.0 490.7
 Operating Income 404.3 379.0
 Interest Expense (52.4) (68.4)
 Interest Capitalized 10.8 12.3
 Interest Income 2.0 1.9
 Other Income/(Expense), Net 1.2 (.6)
 Income Before Income Taxes 365.9 324.2
 Income Taxes 141.9 123.3
 Net Income $ 224.0 $ 200.9
 Fully Diluted Earnings
 Per Share $ .77 $ .70
 Capital Expenditures $ 154.6 $ 152.6
 Depreciation and
 Amortization $ 135.4 $ 127.6
 Fully Diluted Weighted
 Average Shares Outstanding 294.7 291.4
 -0- 4/22/92
 /CONTACT: Paul Wagman or Rich Eichwald, 314-982-1700, for Anheuser- Busch/
 (BUD) CO: Anheuser-Busch Companies Inc. ST: Missouri IN: FOD SU: ERN


SH -- NY037 -- 1173 04/22/92 10:48 EDT
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Publication:PR Newswire
Date:Apr 22, 1992
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