CBA Depletions “Just Under” 1% Growth in Q3

Dear Client:Craft Brew Alliance just reported almost 1% portfolio depletion growth for Q3 on the strength of Kona's +18% depletion trends in the quarter.DEPLETIONS UP, SHIPMENTS DOWN. Overall shipments were down a little more than 5% in the quarter, to 208,400 barrels. Still, Kona shipments were up almost 13% in the quarter. "Distributor inventory pressures and lower-than-anticipated contract brewing volume in the third quarter directly impacted our overall shipment volume," per release.CBA said their strategic partners, Appalachian Mountain Brewery and