Boston Q4 Depletions Down Only 2% (Adjusted), Up 6% So Far in ’18

Dear Client:Boston Beer just reported depletions down 10% for Q4. But that's just due to quarterly timing. There were 13 weeks in their Q4 2017 and 14 weeks in Q4 2016.The company attributed the showing to "the loss of a week of depletions as well as decreases in our Samuel Adams and Angry Orchard brands that were only partially offset by increases in our Twisted Tea and Truly Spiked & Sparkling brands."So, adjusting for the loss of the week in