Anheuser-Busch (BUD), Molson (TAP) May Catch Bid on Stronger SABMiller Results
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Shares of Anheuser-Busch InBev (NYSE: BUD) and Molson Coors (NYSE: TAP) are seeing some increased action in Wednesday's morning session following full year 2011 earnings from peer SABMiller earlier.
SABMiller's net income jumped 19 percent from $1.611 to $1.915 per share.
Revenue increased 9 percent to $28.311 billion. Excluding associates' and joint venture contributions, and revs increased 8 percent to $19.408 billion.
Free cash flow also saw a significant increase from $460 million to $2.488 billion.
Looking ahead, SABMiller is a little cautious on Europe and North America recoveries, and "pricing will be considered selectively, country by country, taking account of an expected moderate increase in our raw material input costs, the competitive context and our intention to achieve growth through affordability in some markets."
BUD shares last traded at $60.21, up about 0.4 percent from Wednesday's close, while TAP shares are up about 0.2 percent.
SABMiller's net income jumped 19 percent from $1.611 to $1.915 per share.
Revenue increased 9 percent to $28.311 billion. Excluding associates' and joint venture contributions, and revs increased 8 percent to $19.408 billion.
Free cash flow also saw a significant increase from $460 million to $2.488 billion.
Looking ahead, SABMiller is a little cautious on Europe and North America recoveries, and "pricing will be considered selectively, country by country, taking account of an expected moderate increase in our raw material input costs, the competitive context and our intention to achieve growth through affordability in some markets."
BUD shares last traded at $60.21, up about 0.4 percent from Wednesday's close, while TAP shares are up about 0.2 percent.
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