MillerCoors reports increase in 2Q profits

Special to The Freeman

August 6, 2014

MILWAUKEE — MillerCoors LLC said Wednesday its second-quarter net income rose 8 percent to $445.7 million compared with the same period last year.

Chicago-based MillerCoors, which also operates a major brewery and administrative offices in Milwaukee, said its total net sales for the second quarter increased 2.2 percent to $2.21 billion.

“In the second quarter, we continued to gain share with our above premium portfolio, driving profitable growth with brands like Redd’s, Leinenkugel’s Summer Shandy, Smith & Forge Hard Cider and Miller Fortune,” said MillerCoors chief executive officer Tom Long. “We also continued to engage consumers around our flagship beers with big ideas like Miller Lite’s Original Can and Coors Light Summer Brew.”