Miller Reports Weaker U.S. Volumes

At the Annual General Meeting of SABMiller yesterday, CEO Graham Mackay said SABMiller "continues to make progress [globally], in line with expectations at the time of our preliminary results announcement in May of this year, with first quarter organic lager volumes for the group growing by 7%."Lager volumes weren't so hot in the US. Graham reports that for their fiscal quarter ending June 30, Miller's US domestic sales to retailers (STRs) decreased by 2.4%, and Miller Lite volumes were flat.