Anheuser-Busch give upbeat forecast for back end of year
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Anheuser-Busch Cos Inc  said on Thursday that it continues to expect accelerated sales and earnings growth in the second half of the year and earnings per share growth for the full year to exceed its long-term objective of 7 percent to 10 percent.
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U.S. consumers cheered up in early December, sending potentially good news to retailers during the crucial holiday shopping season, a report showed on Friday.
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SABMiller, the world&#39;s third largest brewer, has reported a surge in profits helped by US and South African demand. Pre-tax earnings in the six months to 18 November jumped 80% to $1.2bn from $665ma year earlier.
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The Pepsi Bottling Group reported higher-than-expected profit yesterday, helped by cost controls and price increases, and raised its full-year forecast, sending its shares up.
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Belgium&#39;s Interbrew, which acquired AmBev to create the world&#39;s biggest brewer, reiterated on Thursday its higher volume and profit targets for 2004 as demand began to recover from a weak summer.
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Anheuser-Busch Cos Inc  said on Wednesday quarterly profit rose nearly 11 percent as the nation's largest brewer sold more beer at higher prices.
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Intel gave an upbeat forecast for the coming year, suggesting that the company was making progress in overcoming some of its production problems.
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Anheuser-Busch Cos Inc  said on Wednesday quarterly profit rose as the nation's largest brewer sold more beer at higher prices.
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ATLANTA -- Anheuser-Busch Cos. was dethroned as the King of Beers as US drinkers switched to imports. The brewer's best shot at regaining the crown rests on distributing those rivals' beers in its home market.
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Anheuser-Busch (BUD:NYSE - news - research) guzzled higher third-quarter profits thanks to a foreign acquisition and some price increases.
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Dutch brewing giant Heineken reported a 25-percent increase in net profit in the first half of the year, driven by success of its Heineken beer brand.
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August A. Busch IV will become president and chief executive of Anheuser-Busch, in a move that puts a Busch family member back in charge of the company.
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Pepsico, the world's second largest drinks firm, is upbeat on sales of its snacks and soft drinks.
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The companyâs strong quarterly results and optimistic outlook suggests that a weakening economy will not slow it down.
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Over the last year, this stock has been sweet.
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Anheuser-Busch Cos. Inc. BUD.N,  the largest U.S. brewer, said on Wednesday quarterly profit  rose, but domestic market share slipped and the company  forecast a tough year for growing profit in its beer business.
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Anheuser-Busch Cos. Inc.'s  pact to import InBev  brands such as Stella Artois gives the U.S. brewer high-end beers it needs to compete, analysts agree, but Wall Street is unsure how much the deal may help Bud's profits.