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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Budweiser Revenues Increase 7.3% 0 comments
    Jul 31, 2013 10:22 AM | about stocks: BUD

    Originally published at www.seclive.com

    Anheuser-Busch InBev NV (NYSE:BUD) announced its second quarter financial results, reporting a 7.3% increase in revenue from $9.87B to $10.59B. Net profit for the Belgium-based brewer rose from $1.94B a year ago to $7.46B, bolstered by a $6.31B gain from an accounting adjustment related to its acquisition of Grupo Modelo, the brewer of Corona, for $20.1B in June. Volume in North America fell 1.8% from the same quarter last year but was still an improvement from one quarter earlier. The company reported similar volumes in North Latin America, including Brazil, with a 1.5% decline from the same quarter last year but an improvement from first quarter. Anheuser-Busch financial results in Brazil were also buoyed by the Confederations Cup, the prelude to next year's World Cup, which will also be held in Brazil.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: BUD
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