Boston Pulls Up in Q1 with Flat Depletions, Shipments up 0.9%

Dear Client:  Depletions are finally flat for Boston Beer, and shipments up.  In their just-reported Q1, covering the period ended March 30, 2024, the company reported depletions flat for the quarter and shipments up 0.9%, on the strength of Twisted Tea (and easy comps -- the year-ago Q1, depletions were down 6% and shipments were down 7.6%, and that was on easy comps as well). Prior quarter depletions (Q4 2023) had been down only 1% on a 13-week comparable basis,