A-B and MC Depletions Down Around 5% in Q3; Both Cite Supply Chain Woes

Dear Client: Anheuser-Busch InBev and Molson Coors once again reported quarterly results on the same day, and we busted out the Folgers to bring you the highlights.  Starting with A-B’s performance in the U.S., Q3 certainly marked the toughest quarter for A-B thus far in 2021.  After posting topline growth in the first (+5.4%) and second quarter of this year (+6.8%), A-B saw its total revenue decline slightly in the third quarter, down 0.8%. Its bottom line also dropped in