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Crown Profits Fall on Supply Issues

Beer Business Daily October 7, 2010Crown Profits Fall on Supply IssuesDear Client:Operating earnings from Crown Imports fell 9% to $131 million in their fiscal second quarter (June through August). Sales fell 2% to $679 million, hurt by lower volumes, supply issues, and higher promotion costs.Sales and operating income were impacted by "disruptions" related to a brewery strike at a Modelo plant in Mexico. Hurricane Alex also damaged routes in Mexico in June and July. Collectively these issues caused inventory shortages

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