Anheuser-Busch Earnings Preview

March 2, 2011Anheuser-Busch Earnings PreviewDear Client:Credit Suisse is bullish on predictions for AB's upcoming March 3 earnings report. The company noted that U.S. domestic beer volume declines were stemmed like clockwork every quarter last year (+0.1% in 4Q10 vs. +0.5% in 3Q10, -2.1% in 2Q10, -4.7% in 1Q10) while prices still held strong. FOR FULL YEAR, the company expects a reportage of $36.3 billion in revenue, a growth of 4% (organic). For Q410, the CS predicts an overall 0.8% volume