Miller Volumes Soften, Prices Up

SABMiller reported that Miller's US STRs were up 3.1% in their fiscal year ending March 31 (adjusted for sell days), a pretty strong showing on the back of Miller Lite and Chill. Miller Lite STRs were up 1.1% for the full year.That means that Miller's total volume and Miller Lite's volumes softened in the latest quarter ending in March. Revenue per barrels was up a strong 4% for the fiscal year on pricing, reduced promotions, and mix (again, Miller Chill).