SABMiller plc, the London-based parent company of Miller Brewing Co., today reported that its volume of lager sales increased 11 percent over the past 12 months, with organic growth of 7 percent.
The company's revenues grew 16 percent, benefiting from price increases and mix improvements, which offset the impact of higher input costs.
"The underlying performance of the group has been good and was at the upper end of management's expectations. The results have benefited from successful revenue management and enhanced productivity as well as favourable exchange rates in some of our major countries," the company said in statement.
In North America, Miller's full year domestic sales to retailers (STRs) grew by 3.1 percent after adjusting for the extra trading day in the current year and were up 0.7 percent on an organic adjusted basis.
Trading-day adjusted STRs of Miller Lite were up 1.1 percent for the full year. On a similar basis, annual STRs of the worthmore brand portfolio, including Sparks, grew 49 percent, driven by the national launch of Miller Chill and the strong double-digit growth of Peroni Nastro Azzurro and Leinenkugel's.
Miller's domestic net revenue per barrel increased by 4.0 percent for the full year.
Miller's beer sales on the rise
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