News Brief

Anheuser-Busch Sales, Income Up In Q2

Anheuser-Busch, the world's second-largest brewer, on Wednesday posted sales of $4.52 billion for the second quarter--up 6.1%. Net income was up also 6.1%, to $677 million, exceeding estimates.

Driven by the July Fourth holiday demand for Bud Light, shipments rose 2.3%, the company said. It also distributed more Beck's, Bass and other InBev imports.

A-B raised prices 3.1% to cover higher costs for aluminum and fuel, and expects to increase them again in the fourth quarter and early 2008.

U.S. market share fell 0.1 point to 48.8% as the company faced increased competition from SABMiller Plc and Molson Coors Brewing Co.

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