A-B InBev Profit Jumps To $7.8 Billion In Second Quarter

The Anheuser-Busch logo on a company factory in St. Louis | Photo courtesy of Creative Commons
The Anheuser-Busch logo on a company factory in St. Louis | Photo courtesy of Creative Commons

Anheuser-Busch InBev reported net income of $7.84 billion in the second quarter, up significantly compared to the $2.3 billion the company reported in the second quarter of 2012.

The company reported a gain of $6.31 billion from an accounting adjustment on the initial investment held in Mexican brewer Grupo Modelo, which A-B InBev acquired for $20.1 billion. The brewer also reported second-quarter revenue of $10.59 billion, up 7 percent from the prior year period, boosted by the consolidation of Modelo, which is the brewer of Corona beer.

These increases come in spite of United States volumes decreasing 2.8 percent in the second quarter due to poor weather and continuing pressure on consumer disposable income.

Read more from the St. Louis Business Journal


Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students