Boston Q1 Depletions up 8%

Dear Client: Well, we knew Boston comps would be hard this year. The company just reported Q1 depletions to March 28 up 8%. Core shipment growth was up 6%, to 885,000 barrels. The brewer had shared YTD depletions trends of +12% as of February 14 on their last earnings call. They had also revised guidance for shipments and depletions growth to between 8% - 12% for the year; that remains unchanged. CEO Martin Roper said the Q1 depletions trends benefitted