Anheuser-Busch Profit Jumps
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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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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Anheuser-Busch Cos. Inc. , the  largest U.S. brewer, on Wednesday posted better-than-expected  quarterly earnings helped by strong summer sales in the United  States as well as growth overseas.
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Dutch brewer Heineken reported on Wednesday that net profit last year slumped by 33.4 percent owing to extra costs in contrast to exceptional gains in 2006, and said costs were pushing up its beer prices.
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The prescription-benefit manager said earnings soared on higher overall revenue and improved results in its specialty pharmacy business.
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The brewer said fourth-quarter profit jumped 75 percent to $173.2 million, helped by a tax benefit and the weak dollar.
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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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Anheuser-Busch Cos. Inc. BUD.N, the  largest U.S. brewer, said on Wednesday quarterly profit rose  due to price increases on brands such as Bud Light and strong  growth in its international business, which benefited from the  acquisition of Harbin Brewery in China.
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Brewer Fuller, Smith & Turner reports a sharp rise in profit after its purchase of rival beer company Gales last year.
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Adolph Coors Co. said Thursday its earnings rose 4.3 percent in the third quarter from a year ago as higher beer prices and favorable exchange rates helped more than offset a decline in the amount of beer sold.
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A resurgence in sales helped push the brewerâs profit to $214 million in the fourth quarter.
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Anheuser-Busch Cos. Inc.  on  Wednesday posted a better-than-expected 7.4 percent increase in  quarterly profit on strong U.S. growth led by Bud Light,  imports such as Grolsch and lower-than-expected costs.
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Anheuser-Busch Cos. Inc. BUD.N, the  largest U.S. brewer, said on Wednesday quarterly profit rose on  price increases for brands such as Bud Light and strong growth  in its international business, which benefited from the  acquisition of Harbin Brewery in China.
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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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BJ's Wholesale Club Inc. (BJ.N) on Tuesday posted higher quarterly profit as soaring gasoline prices and strong demand for food boosted sales.
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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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Molson Coors Brewing Co.   reported higher-than-expected quarterly profit on Thursday, aided by higher pricing and volume growth and an extra selling week.