Volumes down but earnings up for Molson Coors UK

03 August, 2011

Molson Coors says its UK earnings have increased, despite a “temporary reduction” in marketing spend.

The brewer – which owns the Carling and Worthington brands – admitted that volumes were lower in the second quarter of 2011, compared to the same period a year ago when the World Cup provided a boost.

The company said that underlying pre-tax income increased by 6.1% to $34.7 million (£21.3 million), and added that lower pension expenses and favourable currency movements also helped its cause.

Sales to retail decreased by 5.7% but the company said its share of the declining beer market had increased.

Globally, net sales rose 5.7% to $933.6 million but volumes slipped 2.8% to 13.1 million hectolitres.




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Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

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