Price competitive environment pegged as hurting sales growth
SABMiller announced last week that its financial performance in the six-month period to September 30th was in line with management’s expectations, and organic growth of some 5% in volume was recorded.
Miller’s US domestic depletions (sales to retailers) were down by 0.3% versus last year in, what SABMiller called “a trading environment that has become increasingly price-competitive and subject to higher input costs,” both of which have affected profitability.
The company said that depletion growth in the Miller Lite brand was offset by a net decline in that of other brands.