CBA Depletions Down 3% in Preliminary Results for Q4

Dear Client:CBA's early Q4 numbers fared a little worse than the year's other quarters. The company just announced preliminary results, with depletions down 3% and shipments down 6% in the last quarter. (Quarters two and three had seen depletions down 2%, with shipments flat in Q3.)Kona again helped boost the depletions trends: The brand was only up 6% in Q4, but held on to double digit growth for the full year, up 10%.Net sales were flat for the quarter.Total gross