A-B Depletions Down 3.5% In Q3

Dear Client:  Anheuser-Busch InBev delivered third quarter results this morning, and as usual BBD was up bright and early to bring you the highlights.  In the U.S., A-B depletions were down 3.5% in the quarter. That’s better than last quarter for the brewer, down 4% in Q2, but still a bit worse than the industry wide depletion trend for the third quarter, which A-B pegs at -1.7%. A-B’s shipments, meanwhile, were down 3.1% in the quarter. TOP-LINE UP 0.2%. It