A-B Declares Summer Victory

Despite being a Summer of complete and utter chaos in the form of InBev's successful unsolicited bid for A-B, the brewer posted very decent sales numbers, which is ironic given that their weakness earlier in the year helped dampen their stock price which made that bid possible. A-B execs Dave Peacock and Evan Athanas sent a buoyant letter to distributors yesterday outlining their Summer results, with the 2-week period surrounding Labor Day up 2.2% and "well above our volume plan,"