Boston Q4 Depletions Growth Slows as Promised, up 13%

Dear Client: "Depletions grew 13% and 22% from the comparable 13- and 52- week periods in the prior year," Boston just reported in its Q4 and full year earnings release. YTD depletions through February 14 are estimated to be up 12%.We're sure a lot of analysts on the call will question the slowed depletion growth, though Boston had certainly warned of it in prior calls. Recall that Boston Q3 depletions were up 21%, following blockbuster Q2 depletions growth of 23%