Boston +16% depletions in Q4; pressed on cans, capacity

Dear Client:Boston Beer Co. has reported depletions growth of 16% for Q4 2012, "primarily due to increases in Angry Orchard, Samuel Adams Seasonals, and Twisted Tea" and "partially offset by declines in some other Samuel Adams styles," per company statement. Depletions were up 12% for 52 weeks.The company said it "may have benefitted" in Q4 from updated Sam Adams packaging and "For the Love of Beer" brand messaging. CEO Martin Roper also noted that the timing of their spring seasonal