MillerCoors Q3 Depletions Down 4%, But Check Out Molson Coors’ Cost Savings

Dear Client:MillerCoors depletion volumes were down 4% in the third quarter, "reflecting industry trends," MillerCoors CEO Gavin Hattersley wrote in today's earnings release. Below premium and premium light brands drove declines. Shipments were only down 0.6%.Still, Gavin says the company gained some momentum this quarter, as its underlying net income grew 9.6% to $377.5 million and their premium light beers continued to gain segment share of premium lights (the highest share gains in recent years for Coors Light, in fact).But