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Market: NYSE
Sector: Aerospace & Defence
EPIC: BUD
Latest Price: 95.48  (-0.92% Descending)
52-week High: 101.84
52-week Low: 65.57
Market Cap: 10,204.70M
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Anheuser-Busch InBev
www.ab-inbev.com
Anheuser-Busch InBev SA/NV is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands. These include global flagship brands Budweiser, Stella Artois and Beck’s; multi-country brands, such as Leffe and Hoegaarden, and many local champions, such as Bud Light, Skol, Brahma, Quilmes, Michelob, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske and Jupiler.
Full Anheuser-Busch InBev profile here
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Anheuser-Busch InBev reports Q1 profit growth, sales up over 6%

30th Apr 2012, 2:20 pm by Brad Lemaire
Anheuser-Busch InBev reports Q1 profit growth, sales up over 6%

Anheuser-Busch InBev NV (NYSE:BUD) said Monday fiscal first-quarter profit rose, fuelled by volume growth and higher margins.

For the January-March period, earnings rose to $1.69 billion, or $1.06 per share, compared with the $964 million, or 61 cents a share, a year-prior.

Revenue, meanwhile, rose 6.2 percent to $9.33 billion from $9.03 billion, driven by sales in North and South America.

In the U.S., the company said first quarter volumes grew by 1.3 percent. Volumes of sales from retailers edged up one percent, due to favourable weather across central and eastern parts of the country, and early signs of improvement in employment levels, the company said.

Beer volumes in Canada rose 3.6 percent in the latest quarter, led by better weather and a partial recovery in the economy.

Volumes in Brazil grew by four percent, with poor weather in January being partly offset by more favourable conditions in the rest of the quarter.

Anheuser also said consumer preference for Skol, Brahma and Antarctica make up 90 percent of its beer volume in that country.

The company also said its Budweiser brand is exceeding expectations in the country, where it was launched last August.

Additionally, it said an increase in the minimum wage in Brazil should support beer volumes — and profit margins — there.

For the quarter, the company said global volume was up 7.3 percent.

Quarterly gross margin rose by 124 basis points to 58.7 percent from 56.7 percent a year earlier.

Looking ahead, the alcohol beverage giant expects revenue per hectoliter to grow ahead of inflation, on a constant geographic basis.

The company also said that it expects second-quarter U.S. shipments to be softer due to adjustments made to shipping patterns, which may crimp Ebitda growth.

For the full-year 2012, the company revised its effective tax rate forecast. It now expects to see a tax rate of around 19 to 21 percent, compared to its prior estimate for 21 to 23 percent.

Shares dropped by 94 cents, or 1.29 percent, declining to $71.70 apiece in trade on the New York Stock Exchange.

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