Beer Business Daily – beer industry news and numbers

Molson Coors Misses Street

August 2, 2011Molson Coors Misses Street Dear Client:You'll recall that MillerCoors STRs were down 2.7% in Q2 (shipments down 3.1%) which is a deceleration of volumes, as first quarter STRs were down 1.4% (shipments down 2.5%). Coors Light is growing, but it is offset by Miller Lite "which in our view is structurally impaired and needs a new strategy," writes Credit Suisse. Pricing and mix was up 2.9%.Molson Coors second-quarter profits fell to $222.8 million, or $1.19 a share, from

You need a subscription to access this article.Login now or subscribe to get daily industry insights!

Channels