BusinessJuly 31, 2000
BUSINESS MEMO: BUSCH EARNINGS
Higher beer sales and increased revenue per barrel made for another strong quarter for Anheuser-Busch Cos., maker of Budweiser, Bud Light and Michelob beers. The world's largest brewery saw second-quarter earnings rise 11 percent to $478 million, or $1.04 per share, from $431 million, or 90 cents per share, in the year-ago quarter...
Higher beer sales and increased revenue per barrel made for another strong quarter for Anheuser-Busch Cos., maker of Budweiser, Bud Light and Michelob beers.
The world's largest brewery saw second-quarter earnings rise 11 percent to $478 million, or $1.04 per share, from $431 million, or 90 cents per share, in the year-ago quarter.
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"This is the seventh consecutive quarter of double-digit earnings per share growth for the company," said August A. Busch III, chairman of the board and president.
For the quarter ended June 30, sales rose to $3.27 billion from $3.08 billion. Operating income rose to $748 million from $695 million.
Domestic beer market share was 47.6 percent, up from 46.6 percent in 1999.
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