Miller Volume Down 6.2% For Nine Months Ending March 31

SABMiller Chief Graham Mackay summed it up in one sentence: "The problems are deep and we expected them to be deep." But -6.2% deep? Miller share in 2002 at 18.7% and falling. But it's not as bad as all that. After adjusting for distributor inventory reductions, total Miller volume was down 3.7% with domestic volume falling by 4.5%. Also, contract brewing volumes grew 3.6% (go Pabst go!) and international volumes grew by 6.6%. (Sam Adams is in arbitration over loss