HUSA Up in Sales and Depletions

Dear Client:Heineken NV reported Q1 results this morning. Consolidated beer volume grew 7% organically, "positive across all regions." Premium segments volumes were up almost 5%. As for the Americas: "Organic consolidated beer volume growth of 8.2% was led by continued growth in Mexico, Brazil, the U.S. and the Caribbean," per release.The U.S. sales and depletions trends were positive, reportedly outperforming the larger market. BRAND TRENDS: HEINEKEN FRANCHISE UP YTD AHEAD OF PLAN. Among brand-level trends, Heineken USA executives and brand