7th May 2015 11:30
LONDON (Alliance News) - MillerCoors LLC on Thursday reported that its first quarter net income to company increased to USD304.6 million from USD291.2 million, last year. Underlying net income, a non-GAAP measure, increased 4.4% to USD304.6 million.
The company, a unit of FTSE 100-listed SABMiller PLC, said the underlying income growth was driven by higher net pricing, positive sales mix and strong cost control.
Total net sales decreased 0.9% to USD1.775 billion. Domestic net revenue per barrel, excluding contract brewing and company-owned distributor sales, increased 1.6%.
"In the first quarter, we continued to grow our largest Above Premium brands while also making strides toward restoring growth to our Premium Lights," said Tom Long, MillerCoors CEO.
Copyright RTT News/dpa-AFX
Related Shares:
SAB.L