This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Anheuser-Busch Scores With World Cup

Stocks in this article: BUD HOOK TAP

LEUVEN, Belgium ( TheStreet) -- Shares of Anheuser-Busch InBev (BUD) jumped more than 4% Thursday on higher-than-normal volume after the brewer of Budweiser and Stella Artois beers posted better-than-expected quarterly results.

Anheuser-Busch InBev said good weather and its FIFA World Cup sponsorship helped it book a 7.5% jump in profits to $1.15 billion in the recent quarter, from $1.07 billion in the year-earlier period. Revenue fell 3.4% to $9.17 billion though the figure topped expectations for sales of $8.85 billion.

The merged entity of U.S.-based Anheuser-Busch and Belgian brewer InBev said revenue dipped in the quarter because it divested certain parts of its operations last year, but that organic volume grew by 2.1%, easily surpassing estimates for growth of 1.1%.

Anheuser-Busch InBev shares rose 4.8%, to $53.29. The stock changed hands at rapid speed with nearly 470,000 shares in play ahead of midday, compared with its 30-day trailing average volume of 513,000 shares.

The company said it expects earnings growth to accelerate in the current quarter, and increase further in the fourth quarter, on easier volume comparisons for U.S. sales.

Anheuser-Busch InBev said its sponsorship of the World Cup soccer tournament helped it grow market share in Brazil and boost volume in Latin America by 11.9%. North American volume fell 3.4%. The brewer also launched Budweiser in Russia, which helped the brand's volume offset weakness in North America.

Anheuser-Busch InBev's Stock Rating Report
(BUD) Rating and Financial Analysis

Last month, TheStreet reported that beer titans like Anheuser-Busch Inbev, SAB Miller and Molson Coors Brewing (TAP - Get Report) have lost market share to smaller brewers like those operated by Craft Brewers Alliance (HOOK). During 2009, craft beer shipments increased 7.9%, up from the previous annual growth rate of 5.9%, pointing to an accelerating trend. As a percentage of total beer shipped, Craft crept up from 4% to 4.3% in 2009.

>>Boston Beer Chips Away at Bud, Miller

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs