A-B Depletions Drop 4% in Second Quarter, Shipments Down 2.3%

Dear Client: Anheuser-Busch InBev reported second-quarter earnings early this morning, and as usual, BBD wakes up with the crickets to bring it to you. U.S. RESULTS. In the U.S., A-B's depletions were down 4% in the quarter. That's a bit worse than the industry depletion trend for the quarter, which they estimate was down 2.8% "driven primarily by unfavorable weather conditions." A-B's shipments, meanwhile, were down 2.3% in the quarter.  Still, the second quarter was "another quarter of top-line growth"