(Chicago, IL) – SABMiller plc reported quarterly earnings on Thursday and part of the update included results for its joint venture with Molson Coors in the U.S., MillerCoors. More of the same this latest quarter as sales declined in the low single digits during the hot summer months, even slightly accelerating…—
For the six months ended 30 September 2012, MillerCoors’ US domestic sales to retailers (STRs) declined 1.9% on a trading day adjusted basis, and by 2.4% in the second quarter. Premium light STRs declined in low single digits in the quarter. Coors Light delivered growth, up low single digits, with a mid single digit decline in Miller Lite. The Tenth and Blake division saw double digit growth driven by Leinenkugel’s, including the strong success of Leinenkugel’s Summer Shandy and Blue Moon. The below premium portfolio declined by mid single digits. Domestic sales to wholesalers (STWs) for the second quarter were down 2.7% against the comparative period and were 1.2% lower for the half year, both on an organic basis.
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