On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
72° Feels Like: 72°
Wind: W 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Scattered Thunderstorms 66°

Tomorrow

Mostly Sunny 86°

Sat Night

Isolated Thunderstorms 63°

Alerts

Miller-Coors reports higher quarterly profit

Durdach Bros. MillerCoors Distributing Miller Lite side-loader beverage truck. (Photo By MobiusDaXter (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons)
Durdach Bros. MillerCoors Distributing Miller Lite side-loader beverage truck. (Photo By MobiusDaXter (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons)

MILWAUKEE (WTAQ) - Milwaukee's remaining mega brewer reports a higher quarterly profit, despite a drop in sales revenues.  

Miller-Coors said Wednesday that it netted $291 million from January through March -- just over seven percent more than the same time a year ago.  

Its revenues were 0.05 percent lower, falling to just over $2 billion.

CEO Tom Long said Miller-Coors is facing challenges in sales of its most popular brands of beer, Miller Lite and Coors Light.  

Meanwhile, the firm is gaining market shares for higher-priced brands like Redd's Apple Ale and Miller Fortune.  

Miller of Milwaukee and Coors of Colorado merged its U.S. operations a few years ago and moved its headquarters to Chicago. Miller still has corporate offices and a large brewery in Milwaukee.

(Story courtesy of Wheeler News Service)

Comments