A-B Earnings and MegaBrew Hurdles Cleared; MC snags Hop Valley AND tops Tamarron

Dear Client:A-B's Q2 selling day adjusted depletions were down 0.9% in the quarter and 0.7% for the half year. They estimate a decline in total market share of 35 basis points (bps) for the quarter and 40 bps for the half year. That latter market share result represents an improvement of approximately 25 bps over the full year '15 trend.Shipments were up 0.5% in 2Q16 and down 0.3% for the half; they expect STRs and STWs to converge on a