Miller Reports More Information

As already reported, Miller reported full year ending March 31 US sales-to-retailers down 1%, while shipments were down 0.1%, compared to a mainstream domestic trend up 0.2%. Miller says that it has been hurt because A-B "eliminated its long-held price premiums in a number of market segments, driving pricing down across the industry."SABMiller included more information in their year-end trading statement this morning. Miller reports that export sales were depressed by "difficult trading conditions in key markets." Miller's contract volume