A-B Q2 Depletions Down 3.1%, Shipments Down 5.1%

Anheuser-Busch InBev reported Q2 results this morning. In the U.S., depletions were down 3.1% in the quarter, slightly better than their Q1. For this, A-B blamed weak industry trends (-2.4%) and Easter and July 4 timing. Shipments were down more, 5.1% (last quarter that was down 4.4%). They expect depletions and shipments to converge for the full year.

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