MillerCoors trends up on Redd’s and Shandy gains, softer Coors Light and Miller Lite losses

millercoors logo circle(Chicago, IL) – The latest from MillerCoors, per SABMiller’s just-released trading update. The data points below are excerpted from the update and reflect MillerCoors’ North America second quarter and half year earnings.

For the six months ended 30 September 2013, MillerCoors group NPR (net producer revenue) was in line with the prior year. Volume declines were offset by improved group NPR per hl driven by the strategic intent to benefit from positive sales mix and higher net pricing.

On a trading day adjusted basis, US domestic sales to retailers (STRs) declined 3.2% for the half year, and by 1.9% in the second quarter.

Premium light STRs declined mid-single digits in the quarter with Coors Light down low-single digits and Miller Lite down mid-single digits.

Premium regular brands declined low-single digits in the quarter with double digit growth of Coors Banquet offset by a double digit decline of Miller Genuine Draft.

The above premium portfolio grew by double digits driven by Redd’s and the continued strength of Tenth and Blake driven by the success of Leinenkugel’s Shandy variants.

The below premium portfolio declined by mid-single digits.

Domestic sales to wholesalers (STWs) for the second quarter were down by 1.5% compared with the same period in the prior year and were 3.5% lower for the half year.

Breweries:

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