Miller Sales Flat
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 managementís expectations, and organic growth of some 5% in volume was recorded.
Millerís US domestic depletions (sales to retailers) were down by 0.3% versus last year in, what SABMiller called ďa trading environment that has become increasingly price-competitive and subject to higher input costs,Ē 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.