Boston Depletions Up 36% in Q3, Guides Even Higher

Dear Client:  Boston Beer Q3 results are in: Depletions are up 36% for the quarter, and 40% YTD (to Sept. 26). Shipments are up 30.5%. That's coming off of stiff comps, as last year's Q3 depletions were up 30%. Net revenues are up 30.2%. That showing caused them to raise guidance upward, almost unthinkable in this environment. "Full-year 2020 shipments and depletions growth is now estimated to be between 37% and 42%," from the previously communicated range of 27% to