CBA Q2 Depletions Down 2%, Kona Depletions Up 9%

Dear Client:Craft Brew Alliance just reported Q2 results. They're not quite as strong as Q1, which saw flat overall depletions, and Kona up 14%.But in Q2, CBA depletions were down 2%, and Kona's depletion trends were just shy of double-digit growth, up 9%. YTD overall depletion trends are down 1% (Kona's trends are up 11%).Shipments were down 8% in Q2 and down 4% YTD. "As anticipated, second quarter shipments reflect a challenging comparison to the prior-year period, as we had