US: Coors' earnings up on back of Carling deal
The US number three brewer Adolph Coors Co has reported a 48% increase in its first-quarter net income as sales jumped 36%. The results come on the back of recent European acquisitions, which helped cover US volume growth that fell below the company's hopes. The company's European operations, which were bolstered by the recent acquisition of the Carling Brewers business from Interbrew, added US$13m in pretax income in the first quarter. Results also included a pretax $2.9 million charge related to the integration of the Carling business.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 15 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Comment - How to Target Cognac's Mok Generation?
- Will Tequila Learn from Scotch Whisky's Mistakes?
- Is Marketing Twisting the Meanings of Words?
- Sustainability - Walking the Walk on Water
- Analysis - Keurig Kold fails to impress
- Whyte & Mackay takes on Flor de Caña in UK
- SPI Group US, Canada sales chief departs
- Belvedere proposes name change
- Castel acquires stake in Belvedere
- Brown-Forman eyes family ties with board additions
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Beam Suntory Inc. - Strategy and SWOT Report
- Africa: The Final Frontier for Beer