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Adolph Coors reports a second quarter record net sales.

Adolph Coors reports a second quarter record net sales

Adolph Coors Co. announced record net sales and higher net income for the fiscal 1990 second quarter compared to 1989.

Net sales were $475.36 million for the 12-week second quarter ended June 17-an 11.7-percent increase compared with $425.51 million for the second quarter a year ago. Net income also rose to $25.14 million during 1990's second term.

For the first half of 1990, net sales totaled $869.7 million, a 16-percent jump over net sales of $749.6 million during the first six months of 1989. Net income also increased to $32.8 million, compared with 1989's $12.1 million.

"We're very pleased with the progress being made by all business unites of Adolph Coors Company," commented Coors chairman of the board, William Coors. "Each continues to see improved profitability and record sales. Among our individual businesses, Coors Brewing Company, Golden Aluminum and Graphic Packaging Corp. experienced particularly strong earnings growth."

During the 1990 second quarter, Coors Brewing shipped 4.83 million barrels, a 13.6-percent increase over the 4.25 million shipped in the second quarter of 1989. Over the first half of 1990, Coors Brewing shipped a record 8.8 million barrels of beer, compared with 7.3 million barrels in same period of 1989.
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Title Annotation:fiscal 1990
Publication:Modern Brewery Age
Date:Jul 23, 1990
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