Anheuser-Busch confident on growth outlook |
|
|
|
Published
:
Tue, 22 May 2007 14:41
|
LONDON (Thomson Financial) - Anheuser-Busch executives have expressed confidence in the company's growth outlook, saying the company is much better positioned for growth than it was eight months ago.Without giving any figures, the company said it is 'making good progress in digesting the series of new growth initiatives recently undertaken and managing the added complexity associated with an expanded portfolio.'Citing incremental revenue growth as a key objective, the company stated that the pricing environment in the U.S. beer industry is favourable.In addition, Anheuser-Busch said sales-to-retailers in May rebounded after a disappointing April and are now up 1 pct in the quarter to date.The company said the long-term earnings model continues to target earnings per share growth in the 7 to 10 pct range, and management currently expects the company's 2007 EPS increase to exceed the long-term model's range.However, the company's second quarter increase in earnings per share is expected 'to be below this range with earnings growth accelerating in the second half of the year.'tf.TFN-Europe_newsdesk@thomson.comrwCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2391.28 |
+2.19 (
0.09 %)
|
| SYMBOL (
2010-03-18 ) |
| LAST |
CHANGE
|
|
SABMILLER
(
12:35pm )
|
|
1925.00 |
+36.00 (
1.91 %)
|
| SYMBOL (
2010-03-18 )
|
| LAST |
CHANGE
|
|
IBM
(
4:00pm ) |
|
128.38 |
+0.62 (
0.49 %)
|
|
DUPONT
(
4:01pm ) |
|
37.07 |
+0.58 (
1.54 %)
|
| SYMBOL (
2010-03-18 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Anheuser-Busch plans China brewery 