Trade Resources Company News Millercoors Reported Net Sales of $5.998bn in The First Nine Months Ended September 2013

Millercoors Reported Net Sales of $5.998bn in The First Nine Months Ended September 2013

Tags: MillerCoors, Food

MillerCoors has reported net sales of $5.998bn in the first nine months ended 30 September 2013 compared to $5.977bn during the same period in 2012.

MillerCoors also posted gross profit of $2.405bn in the first nine months of 2013 compared to $2.394bn in the same period in 2012.

Operating income of the beer giant was $1.046bn compared to $1.033bn in the prior year period.

The company's net income for first nine months of 2013 totaled $1.044bn compared to $1.033bn in 2012.

MillerCoors chief executive officer Tom Long said that led by Redd's, Leinenkugel's and Blue Moon, their strategy to grow share in the high-margin and fast-growing above premium space is driving excellent sales mix.

"The quality of our beers continues to be second to none and we are pleased consumers and customers are responding," Long added.

"Our recently announced restructuring will reduce our fixed cost base and allow increased brand investment moving forward, particularly on our premium lights."

MillerCoors brews, markets and sells the MillerCoors portfolio of brands in the US and Puerto Rico. 

Source: http://beer.drinks-business-review.com/news/millercoors-first-nine-months-net-sales-increase-071113
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MillerCoors First Nine Months Net Sales Increase