Coors Has Q1 Earnings Hiccup

But STRs Still Up 1.4%Coors announced lower net income (down 97%) and earnings per share for 2003 Q1, although net sales were up 11% (but remember that Coors closed on Carling acquisition on Feb 2, 2002, so them numbers ain't apples to apples). Coors domestic shipments were down -4.4%. Bottom line: Coors had a miserable profit and shipment quarter because of these four events: Lower distributor inventories hurt shipments more than anticipated, Big hundred year blizzard in Denver shut down