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Anheuser-Busch with strong domestic growth in third quarter

Anheuser-Busch Cos. told Friday that its U.S. beer volume rose in the third quarter, as the Budweiser and Michelob brewer rolled out new products. Anheuser-Busch credited the national launch of Bud Light Lime with helping boost domestic beer volume growth. U.S. beer shipments to wholesalers increased 2.3 per cent, and sales to retailers rose 3.6 per cent.

The U.S. brewer also said pricing in its domestic beer market is "favourable," forecasting revenue per barrel will rise nearly four per cent in the third quarter on price increases implemented in late September.

The St. Louis, Mo.-based brewer said cost-cutting measures are helping offset higher commodity costs.

written on 07.10.2008 um 06:39.


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