Alert: Miller STRs Down 4.4% in First Half, Lite Stabilizing

SABMiller released its interim results from London early this morning. A lot of the results are gibberish because of the apples-to-oranges comparisons due to the Miller and other acquisitions, but what we do know is that total Miller Brewing Co. sales-to-retailers were down by 4.4%, with shipments down 5.7%, indicating a distributor inventory reduction. Miller Lite STRs were down 1%, with that trend stabilizing. In a press release from London, complete with quaint Britannia spelling, SABMiller said: "In Miller, the