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News Breaks | | | | February 27, 2013 | | 15:01 EDT |  | BUD | AB InBev advances after earnings amid watering-down claims
Shares of brewer Anheuser Busch Inbev (BUD) are advancing after the company reported fourth quarter earnings this morning before the market open. AB InBev reported normalized earnings per share of $1.12 against consensus estimates for $1.18. Revenue rose 8.8% to $10.29B against estimates for $10.24B. The company said total volumes declined 0.1% in the quarter, with own beer volumes down 0.3% and non-beer volumes growing 0.8%. However, its "Focus Brands," which include the three global brands Budweiser, Stella Artois and Beck’s, grew by 0.4% during the three month period. Additionally, the company's board proposed a EUR 1.70 dividend to be paid semi-annually with the first payment slated for May 2. The company said that it expects 2013 to be another year of "challenge and uncertainty in the global economic environment," adding that it expects volumes in the U.S. during the first quarter to be negatively impacted by weather and short term pressure on consumer disposable income. The company was also cautious on its first quarter view for Brazil, citing wet weather and the earlier timing of Carnival compared to last year. AB InBev said it expects volume growth in China through 2013, adding that volume in China in the first quarter is showing a recovery from the end of last year. Meanwhile, Time is reporting that the company is may face class action lawsuits in multiple states alleging that the company's beer had less alcohol by volume that was advertised. Shares of AB InBev trading in New York are up $1.58, or 1.72%, to $93.38 this afternoon. | |
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News For BUD From The Last 14 Days Check below for free stories on BUD the last two weeks. |
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| June 14, 2013 | | 07:32 EDT |  | BUD | AB InBev added to European Analyst Focus List at JPMorgan
 Subscribe for More Information | | | 06:03 EDT |  | BUD | AB InBev coverage reinstated with an Overweight at JPMorgan
Subscribe for More Information | | | June 7, 2013 | | 16:07 EDT | | BUD | Constellation completes acquisition of Grupo Modelo's U.S. beer business
Constellation Brands (STZ) announced that it has completed its acquisition of Grupo Modelo's U.S. beer business from Anheuser-Busch InBev (BUD) for approximately $4.75B. The transaction includes full ownership of Crown Imports LLC which provides Constellation with complete, independent control of all aspects of the U.S. commercial business; a state-of-the-art brewery in Nava, Mexico; exclusive perpetual brand license in the U.S. to import, market and sell Corona and the Modelo brands Crown currently sells and the freedom to develop brand extensions and innovations for the U.S. market. With the close of the acquisition, Constellation begins to operate as one company with two divisions: a beer division and a wine and spirits division. A brewery operations group has also been established to manage the expansion and integration of the Nava brewery. Constellation plans to invest $500M-$600M during the next three years to expand the facility to double its current capacity to meet projected demand for products in the U.S. | | | June 4, 2013 | | 12:38 EDT | | BUD | AB InBev completes combination with Grupo Modelo
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