Boston Q2 Depletions Down 6% as Company Continues to Navigate “Challenging” Environment

Dear Client: Boston just turned in a Q2 ’26 report card that included depletions down 6%, shipments down 4.5% to 2 million barrels, and net revs down 3.3% -- but gross margins keep climbing, at 50.4%, up 0.60% vs. YA.  That’s an especially tough showing on the whole, considering that the year-ago depletions comp of -5% was relatively easy (though gross margins were strong YA, so that continues to be a bright spot). As for the prior quarter comp, Q1