We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anheuser-Busch | LSE:AHB | London | Ordinary Share | COM STK $1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 47.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Anheuser-Busch Executives Express Confidence in Outlook for Growth ST. LOUIS, May 22 -- Anheuser-Busch (NYSE: BUD) executives expressed confidence in the company's growth outlook during presentations given today at the company's BUD Investor Conference held in St. Louis. "By strategically broadening our U.S. beer portfolio to access high-margin growth opportunities, Anheuser-Busch is much better positioned for growth than we were just eight months ago," August A. Busch IV, president and chief executive officer of the company, said to investors and analysts. Busch proceeded to outline management's vision of building Anheuser-Busch into the leading global beer and specialty beverage company. At the core of this vision is producing and marketing the highest quality premium beer and select non-beer beverages in profitable and growing markets, where the company's competitive advantages can drive sustainable long-term growth and enhance shareholder value. Senior managers from Anheuser-Busch's U.S. beer company presented their plans to grow the company's core trademark brands and actively pursue high-end growth opportunities. The company is making good progress in digesting the series of new growth initiatives recently undertaken and managing the added complexity associated with an expanded portfolio. In citing incremental revenue growth as a key objective, the executives stated that the pricing environment in the U.S. beer industry is favorable. In addition, sales-to-retailers in May have rebounded after a disappointing April and are now up 1 percent quarter to date.(1) The world beer market also plays an increasingly important role in the company's global vision. In their presentations, the senior managers of the company's international beer business reported that international net income has grown an average of 20 percent per year since 1999. While the company's investment in Grupo Modelo currently provides the vast majority of international profits, the company also is building an important leadership position in China, the largest and fastest-growing beer market in the world. Elsewhere in the world, the company has recently announced ventures to pursue new growth opportunities in emerging markets, such as India, Russia, Colombia and Panama. The strategies of Anheuser-Busch's successful packaging and entertainment businesses, which complement the company's beer operations and contribute more than $375 million in operating profits annually, also were highlighted at the meeting. Restoring profit margin growth is a key element of the company's vision. The company's long-term earnings model continues to target earnings per share growth in the 7 to 10 percent range. Management expects the company's 2007 earnings per share increase to exceed its long-term model's range. The company's second quarter increase in earnings per share, however, is expected to be below this range with earnings growth accelerating in the second half of the year.(2) Other Matters As previously announced, Anheuser-Busch Companies' 2007 BUD Investor Conference is being broadcast live over the Internet today beginning at 9:30 a.m. ET. A replay of the webcast will be available on the company's Web site. For details visit the company's site on the Internet at http://www.anheuser-busch.com. Notes 1. Sales-to-retailers results are on a comparable selling day adjusted basis and include the contribution of newly acquired and alliance brands. Core brand sales-to-retailers are down 1 percent quarter to date. 2. Calculation of 2006 Earnings per Share for 2007 Comparison Purposes The table below sets forth the assumption used in comparing 2007 earnings per share expectations to 2006 results. 2006 Earnings Per Share 2nd Quarter Full Year Reported $0.82 $2.53 Texas Income Tax Legislation Benefit (0.01) (0.01) Excluding One-Time Benefit $0.81 $2.52 In accompanying presentations, the following terms are used: 3. Domestic revenue per barrel is calculated as net sales generated by the company's U.S. beer operations on barrels of beer sold, determined on a U.S. GAAP basis, divided by the volume of beer shipped to U.S. wholesalers. 4. Return on capital employed on a consolidated basis is computed as 12 months of net income plus after-tax net interest (interest expense less interest capitalized) divided by net investment. Net investment is defined as total assets less non-debt current liabilities. The company does not allocate interest expense to subsidiaries, so this is not a factor in computing return on capital employed on a business segment basis. 5. The cash flow to total debt ratio is defined as: operating cash flow before the change in working capital, adjusted for pension contributions less service costs; divided by total debt, adjusted to include the funded status of the company's single-employer defined benefit pension plans. This release contains forward-looking statements regarding the company's expectations concerning its future operations, earnings and prospects. On the date the forward-looking statements are made, the statements represent the company's expectations, but the company's expectations concerning its future operations, earnings and prospects may change. The company's expectations involve risks and uncertainties (both favorable and unfavorable) and are based on 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. Accordingly, there can be no assurances that the company's expectations and the forward-looking statements will be correct. Important factors that could cause actual results to differ (favorably or unfavorably) from the expectations stated in this release include, among others, changes in the pricing environment for the company's products; changes in U.S. demand for malt beverage products, including changes in U.S. demand for other alcohol beverages; changes in consumer preference for the company's malt beverage products; changes in the distribution for the company's malt beverage products; changes in the cost of marketing the company's malt beverage products; regulatory or legislative changes, including changes in beer excise taxes at either the federal or state level and changes in income taxes; changes in the litigation to which the company is a party; changes in raw materials prices; changes in packaging materials costs; changes in energy costs; changes in the financial condition of the company's suppliers; changes in interest rates; changes in foreign currency exchange rates; unusual weather conditions that could impact beer consumption in the U.S.; changes in attendance and consumer spending patterns for the company's theme park operations; changes in demand for aluminum beverage containers; changes in the company's international beer business or in the beer business of the company's international equity partners; changes in the economies of the countries in which the company's international beer business or its international equity partners operate; future acquisitions or divestitures; and the effect of stock market conditions on the company's share repurchase program. Anheuser-Busch disclaims any obligation to update or revise any of these forward-looking statements. Additional risk factors concerning the company can be found in the company's most recent Form 10-K. SOURCE Anheuser-Busch -0- 05/22/2007 CONTACT: Kelli Powers of Anheuser-Busch, +1-314-577-9618, or Investor Relations, +1-314-577-7772 (BUD) END
1 Year Anheuser-Busch Chart |
1 Month Anheuser-Busch Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions