Boston Depletions Up 36%, But Current Crisis is Costly

Dear Client: The stakes keep getting higher, but Boston keeps pulling the rabbit out of the hat, quarter after quarter. For depletions, at least: The company just reported Q1 depletions up 36%, or up 30% without Dogfish Head (which they of course acquired last summer). Shipments were up more than 32% for the quarter (27.5% without Dogfish).  Net revs were up 31.4%.  That's the eighth straight quarter of double digit depletion growth for the company. Recall, for Q4 2019, the