6th Nov 2014 12:30
WASHINGTON (Alliance News) - MillerCoors LLC, a joint venture between Molson Coors Brewing Co and SABMiller PLC reported third-quarter 2014 net income attributable to the company OF USD376.5 million, up from the prior year's USD348.8 million.
Underlying net income was USD376.7 million, compared to USD363.8 million last year.
Net sales for the quarter were USD2.37 billion, up from USD2.36 billion in the year ago quarter. Wall Street analysts had a consensus revenue estimate of USD1.16 billion for the quarter.
"Despite a tough quarter in the overall industry, MillerCoors delivered profit growth driven primarily with Above Premium brands like Redd's, Smith & Forge, Leinenkugel's Summer Shandy and Blue Moon Belgian White," said Tom Long, MillerCoors CEO.
Copyright RTT News/dpa-AFX
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