Molson Coors Q3 U.S. Depletions Reach Cruising Altitude, Up 4.5%

Dear Client: Last quarter, Molson Coors reported its best U.S. quarterly depletion trend since 2008. How does one follow that?  Well, in its just-released Q3 results, the company is reporting that U.S brand volumes (depletions) were up 4.5% in the quarter (vs. 8.7% the prior quarter), driven by growth in their core brands, "with Coors Light and Coors Banquet each up double digits and Miller Lite up high single digits, partially offset by the timing impacts related to one less