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For Anheuser-Busch, 2002 Was a Record-Setter

By Bill Raack, KWMU

St. Louis, Mo. – Anheuser-Busch is reporting record sales and earnings figures for the fourth quarter of 2002, and for the entire year.

The St. Louis-based brewery sold more than one million barrels of beer domestically last year for the first time in its history.

Net sales increased 7% in the fourth quarter and 5% for the full year. Earnings per share were up more than 18% for the last three months of 2002, and 14% for the year.

The maker of the world's best-selling regular and light beers, Budweiser and Bud Light, earned $269 million in the October-December period. That's compared to $228 million dollars a year ago.

The company continued to inch closer to having half the domestic beer market. Anheuser-Busch's domestic market share rose last year to about 49 percent.