Molson Coors U.S. Depletions Down 3% In Q4

Dear Client: Molson Coors released its fourth quarter and full year results this morning, and though it was a down quarter and year, volumetrically, the company maintains it was “a year of progress.”  Let’s dig in:  U.S. DEPLETIONS DOWN 3% IN Q4. In the Americas, shipments took a 5.9% hit in the quarter “primarily due to lower contract brewing volumes in the U.S.” (as they wound down their contract agreement with Pabst) and “lower U.S. brand volumes,” per release.  (Recall,