Molson Coors Q3: U.S. Depletions Down 4.9%, Guidance Tightened to Low End

Dear Client:  Molson Coors Q3 earnings (for the three months ended September 30) just hit, and U.S./Americas results generally looked better than the comps*: U.S. depletions were down 4.9%, impacted by the macroeconomic environment resulting in industry softness as well as lower share performance, the company said.  Americas shipments were down 6.5%, primarily due to lower depletions “and an approximate 3% impact from lower contract brewing volume resulting from the exit of a contract brewing arrangement in the U.S. [Pabst]