Boston Sees ’22 Depletions Dip Mid Singles; Issues Negative Shipments and Depletions Guidance for ’23

Dear Client: Amid tough trends for seltzer, and several periods of tough depletion trends, how'd Boston do for Q4/full year?  At first blush, Q4 numbers don't look bad at all — depletions up 3%, and shipments up almost 17%. But then you realize there was an extra week in this year’s Q4 (14 weeks in ’22 vs. 13 in the ’21 comp period). Adjusting for the extra week, depletions were down 3% and shipments up almost 11%. (That's still better