Brewer is down 2.5% in 3rd quarter
Domestic sales of MillerCoors brands to retailers were down 2.5% for the fiscal third-quarter, the beer brewer’s London parent company, SABMiller reported.
The one bright spot? Faux craft and imporats. Beers from its Tenth and Blake craft brew division grew in the double digits.
It reported 25% growth for Blue Moon in the quarter and 24.5% for the fiscal year to date. Its Peroni beer volume grew 6.9% for the quarter and 6.8% for the fiscal year-to-date. The company’s local Leinenkugel brand grew just 1.9% for the quarter and 7.7% for the fiscal year-to-date.
MillerCoors’ premium light brand volumes fell by less than 1 percent for the quarter that ended Dec. 31. Miller Lite experienced a low single-digit decline while Coors Light volume grew slightly. MillerCoors’ lower-priced brands had sales volume declines in the mid single-digits.
Domestic sales to wholesalers declined 2.2 percent during the period.