A-B Shipments Fall By 6% in First Quarter, Depletions Down 1.5%

Dear Client: Last week at the NBWA Legislative Conference I was fortunate enough to meet many of the next generation wholesalers, the young folks who will soon be the beer industry leaders of tomorrow. I found them to be bright, but still ignorant about a lot of the financial lingo we use when describing how a brewer performs for the quarter. Allow Uncle Harry to explain it: GLOBAL RESULTS. But before we get to the U.S., let's just say that