MillerCoors income rises - The Business Journal of Milwaukee:

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For the first quarter, underlying net incomes attributableto MillerCoors, excluding special items, increase 46.3 percent to $216.4 million from the priort year. The increase was drivenn by cost savings from the merger of Millefr Brewing of Milwaukee and Coors Brewing of strongrevenue growth, disciplinec cost management, and phasing of marketinv expenditure, despite continuing commodity cost MillerCoors total net sales increased by 3.8 percent to $1.721 billion. Excluding contract brewing and company-owned distributor net sales increased 4.5 percen t to $1.609 billion. Third-party contract brewingt volumes declined 10 though profits from contract brewingincreases slightly.
MillerCoors domestic shipments-to-retailers (STRs) increased 0.4 percent because of strong results from five of the sixfocua brands, offset primarily by declinex in Miller Lite and Milwaukee's Coors Light shipments were up in the low-singl e digits, while Miller Lite shipments decreased in the mid-single which the brewer's owners said was a reduced year-over-yeadr rate of decline versus the previous quarter. Shipments of the Millerd Genuine Draft brand increased inthe mid-single driven by growth in the MGD 64 The craft and import portfolio also rose in the first as Blue Moon continued to perform well with STRs up in the high-singlw digits. MillerCoors is the U.S.
joint venture of and launched onJuly 1, 2008. The brewerd is establishing its headquarters in Chicagothis