Miller Posts Sales Gains

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Brew Blog

Net revenue per barrel up 4 percent.

Miller Brewing Company posted a 0.7 percent increase in sales to retailers on an organic basis during the fiscal year ended March 31, the brewer’s parent reported today.

The growth was driven by Miller Lite and a double-digit showing by worthmore brands, SABMiller reported in its trading statement release. Miller’s total sales to retailers grew by 3.1 percent.

Miller Lite was up 1.1 percent for the full year, SABMiller reported.

The worthmore portfolio — which includes Miller Chill, Sparks, crafts and imports — grew by 49 percent. Peroni Nastro Azzurro and Leinenkugel’s grew double digits.

Worthmore brands now represent 5.8 percent of Miller’s portfolio, SABMiller reported.

Miller’s domestic net revenue per barrel increased by 4.0% for the full year, reflecting continued strong pricing due to increased mainstream brand equity, as well as reductions in promotions and favorable brand portfolio mix.

The SABMiller release can be seen here.

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