(Chicago, IL) – MillerCoors reported earnings for the second quarter of the 2013 calendar year on Thursday. Below are the U.S. results as excerpted from the full SABMiller earnings release.
In a challenging environment with significantly cooler weather in most of the country, MillerCoors gained share in the premium light and above premium segments.
MillerCoors’ revenue decreased 3% with US domestic sales to retailers (STRs) down 4.4% and domestic sales to wholesalers (STWs) down 5.3% in the quarter.
Premium light STRs declined high single digits in the quarter with Coors Light declining mid single digits and Miller Lite declining high single digits.
MillerCoors’ above premium portfolio grew double digits driven by new product offerings, including Redd’s Apple Ale and Third Shift Amber Lager, as well the continued strength of Tenth and Blake led by the double digit growth of Leinenkugel’s Summer Shandy.
The economy portfolio was down mid single digits.