Adolph Coors Co.: The brewer’s third-quarter net...
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From Times Staff and Wire Reports
Adolph Coors Co.: The brewer’s third-quarter net income dipped 3% from a year ago to $21 million. Sales totaled a record $583.3 million, up 17%. The Golden, Colo., firm attributed earnings results to increased manufacturing costs, particularly packaging materials, and price competition in the beer business. The figures came despite improved sales in all its major businesses and the introduction of Keystone and Keystone Light, Coors Brewing’s first entries into the popular-priced category.
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