date:May 12, 2014
SABMiller plc and Molson Coors Brewing Company reported that MillerCoors first quarter underlying net income grew 7.4 percent to $291.9 million versus the same period in the prior year.
This income growth was driven by positive pricing and sales mix, cost savings, and lower marketing spending, primarily due to timing differences versus last year.
In the first quarter, we continued to gain share in the high-margin and fast-growing Above Premium space with Miller Fortune and the Redd's franchise