BusinessMay 3, 1999
BUSINESS MEMO: ANHEUSER-BUSCH EARNINGS
Maybe those animated lizards -- Frank and Louie -- are earning their keep for Anheuser-Busch Cos. Anheuser-Busch reported a 20 percent increase in first-quarter profits due largely to increased beer sales in America. The maker of Budweiser and Bud Light said Wednesday that it had net income of $319 million, or 66 cents per share, up from $265 million, or 54 cents per share, in the same period a year ago...
Maybe those animated lizards -- Frank and Louie -- are earning their keep for Anheuser-Busch Cos.
Anheuser-Busch reported a 20 percent increase in first-quarter profits due largely to increased beer sales in America. The maker of Budweiser and Bud Light said Wednesday that it had net income of $319 million, or 66 cents per share, up from $265 million, or 54 cents per share, in the same period a year ago.
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Revenues rose to $3.15 billion from $2.95 billion.
Anheuser-Busch's domestic beer market share rose 1.5 percent to 48.1 percent in the first quarter.
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