MillerCoors Sees Q1 Improved Volumes

April 19, 2011MillerCoors Sees Q1 Improved VolumesDear Client:SABMiller reported that MillerCoors' first quarter volumes saw some improvement sequentially from the fourth quarter, with Q1 sales to retailers down 1.4% (fourth quarter STRs were down 2.2%). For the year ended March 31, STRs were down 2.6%. Premium light STRs were flat in the quarter "as growth in Coors Light was accompanied by improved Miller Lite performance with volumes nearly level. The below premium portfolio was down low-single digits in the quarter