What caught my eye when SABMiller issued its full-year trading update yesterday was how the brewer suggested that its recently-purchased Foster’s unit wasn’t doing that badly. Lager volumes in the three months to the end of March were down by 4% year-on-year, said SABMiller, before highlighting that the performance represented “a slower rate of decline than the previous quarter”.
Comment – SABMiller: How to Solve a Problem like Foster’s
What caught my eye when SABMiller issued its full-year trading update yesterday was how the brewer suggested that its recently-purchased Foster's unit wasn't doing that badly.