US: MillerCoors sees H1 sales, profits up, but light lagers still struggle
- First half net profits up 7.6% to US$736.4m
- H1 net sales rise 1.3% to $4bn
- Operating profits in six months up 7.9% to 747.3m
- H1 volumes slip 1.9% to 31.4m barrels
- Q2 net sales up 2.2% to $2.2bn
The JV saw H1 sales and profits up
The JV saw sales in the six months to the end of June up by 1.3% to US$4bn, while net profits were up by 7.6% to $736.4m.
Tom Long, MillerCoors' CEO, said: “In the second quarter, we continued to gain share with our Above Premium portfolio, driving profitable growth with brands like Redd’s, Leinenkugel’s Summer Shandy, Smith & Forge Hard Cider and Miller Fortune.
“We also continued to engage consumers around our flagship beers with big ideas like Miller Lite’s Original Can and Coors Light Summer Brew.”
To read the company's full statement, click here
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