MillerCoors LLC Q1 Profit Rises - Quick Facts

(RTTNews) - MillerCoors LLC reported that its first quarter net income to company increased to $304.6 million from $291.2 million, last year. Underlying net income, a non-GAAP measure, increased 4.4 percent to $304.6 million. The company said the underlying income growth was driven by higher net pricing, positive sales mix and strong cost control.

Total net sales decreased 0.9 percent to $1.775 billion. Domestic net revenue per barrel, excluding contract brewing and company-owned distributor sales, increased 1.6 percent.

"In the first quarter, we continued to grow our largest Above Premium brands while also making strides toward restoring growth to our Premium Lights," said Tom Long, MillerCoors CEO.