Boston Lowers Guidance Due to Changed Truly Expectations

Dear Client: The latest Boston results are in, and while shipments look a lot better than last quarter, when they were down 25%, it's still not enough for Boston to hold on to its previous guidance of between 4% and 10% growth for shipments and depletions this year.  Boston Q2 shipments (of 2.4 million barrels) were only down 1.1%, while depletions were down 7% (same as last quarter). The depletion dip was driven by basically everything except for Twisted Tea