ABI Posts Better Than Expected Q2

Dear Client: Anheuser-Busch InBev posted a tough second quarter for their important United States market, which is what we care about here, but better than MillerCoors and better than what Wall Street anticipated. Their stock is roaring. Selling-day adjusted STRs declined by 3.6% in the second quarter and by 3.8% in the first half of the year . "We estimate the timing of the July 4th holiday negatively impacted the growth of our STRs by 80 bps in 2Q13," says