Tag Archives: beer sales

News: InBev hurts AB; all beer sales up worldwide

inbev-logoAnheuser-Busch Cos Inc. said Thursday its third-quarter profit fell 5.7 percent due to charges for its pending sale to InBev SA, but sales rose in the quarter and the nation’s largest brewer gained market share. The maker of Bud Light and Budweiser said it earned $666.1 million, or 90 cents a share in the three-month period ending Sept. 30. That compares with profit of $706.7 million, or 95 cents a share, a year earlier. St. Louis-based Anheuser-Busch said its earnings include pretax charges of $166.2 million associated with its sale to the Belgian brewer and a retirement program, and gains of $15.3 million from the sale of distribution rights for Grolsch. When stripping those out, the company earned $1.05 a share, which beat analyst estimates by a penny, according to Thomson Reuters. Analysts generally exclude one-time items. Net sales rose to $4.92 billion from $4.62 billion last year, ahead of analyst estimates of $4.88 billion. Anheuser-Busch shareholders are set to vote on the deal next Wednesday. InBev shareholders have already approved the deal.

Shares of Anheuser-Busch rose 45 cents, less than 1 percent, to $64.08 in morning trading Thursday. The company said its U.S. shipments to wholesalers rose 2.3 percent in the quarter and sales to retailers grew 3.6 percent.

Worldwide beer volume rose 3 percent in the quarter.

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News: Britons reeling, but few crying into their beer

Britons may be reeling from the international financial crisis, but few are crying into their beer. Beer sales are falling as the economy worsens, defying predictions in some quarters that consumers would buy their brew at supermarkets to escape higher prices at pubs. You can read the full story here. Here is an out take:

The British Beer and Pub Association reported Monday that total beer sales fell about 7 percent in the third quarter — the equivalent of 161 million fewer pints compared with the same period in 2007. Sales of the iconic British pint in pubs have been in decline for years, leading to the closure of thousands of hostelries around the country. Now the association’s Quarterly Beer Barometer reveals that the downturn has broadened to supermarket sales. “The accelerating decline in beer sales is a clear sign of a worsening economy, worried households and weakening spending,” said Rob Hayward, the association’s chief executive. Supermarket and liquor store sales fell 6 percent between July and September compared with the same period last year, slightly behind the 8.1 percent drop recorded for pubs, bars and restaurants.