MillerCoors Q3: Miller Lite Slowly Improving, Snagging Incremental Taps

Dear Client:We reported, when SABMiller issued their halfyear statement, that MillerCoors STRs were down by 3.7% in the the most recent quarter. And domestic sales to wholesalers were down by 1.7%.Now with MillerCoors' official Q3 earnings out, we have a little more detail. COORS LIGHT DOWN MID-SINGLE DIGITS. It's no surprise that premium light portfolio STRs declined mid-single digits in the quarter, with Coors Light declining mid-single digits and Miller Lite down low-single digits for the quarter. (Though chief Tom