date:Jul 26, 2013
SABMiller PLC Thursday said cold weather hit demand for beer across its developed markets, even as the group's rise in revenue was underpinned by its performance in Latin America and Africa.
SABMiller, which also bottles soft drinks for Coca-Cola Co. (NYSE:KO) , is benefiting from strong demand for beer in developing economies, where rising incomes and populations support beer makers. Higher spending power means consumers in those markets are trading up from home-brewed alcohol to branded beer.