Dear Client: As we reported yesterday, Boston Beer reported that second quarter depletions (STRs) and shipments (STWs) matched, at plus 17% for the second quarter.  For the half year, depletions are up 15%.  While that’s an acceleration at retail, shipments for the half year are still up 23%, suggesting still high distributor inventories.  But summer … Continue reading "Boston Beer Investing Heavily Behind Truly"