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
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