Brito on the Q1: Can’t Win Every Quarter, Every Year
As reported yesterday, A-B posted a tough first quarter with STRs down 4.2% against several headwinds (see BBD 04-30-2013 ). A-B predicts the industry was down 3%, suggesing A-B lost a half a share point. Indeed, domestic shipments were down a big 4.3% in March, bringing the quarterly domestic shipments down 2.7%, according to Lester Jones at the Beer Institute
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