MillerCoors reports profit
MillerCoors, the combined U.S. operations of SABMiller Plc
MillerCoors, the second-largest beer company in the United States with brands such as Miller Lite and Coors Light, said net sales in the quarter rose 3.8 percent to $1.72 billion.
Domestic sales to wholesalers fell 1 percent in the quarter, while sales from wholesalers to retailers, a closer gauge of consumer demand, rose 0.4 percent.
The company, which was formed in July 2008, also said it realized $50.1 million of merger-related cost-savings in the first quarter, which captured some savings originally planned for the second quarter.
Molson Coors is due to report results later on Tuesday.
(Reporting by Martinne Geller, editing by Maureen Bavdek)
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