A-B Depletions “Flattish” in Q4

Dear Client: Anheuser-Busch InBev delivered fourth quarter and full year results this morning for 2019, and we have all the highlights for you. In the U.S., A-B depletions were “flattish” in the fourth quarter. That’s a significant improvement over last quarter, down 3.5% in Q3, but running behind the industry depletion wide trend for the fourth quarter, which A-B pegged at +0.4%. For the full year, A-B said its depletions dropped 2.4%. Shipments, meanwhile, were down 2.6% for the fourth