CBA Q2: Depletions up 3% on Strength of Kona and New Brands

Dear Client:Today CBA reported their Q2 earnings, ended June 30: Their net sales, depletions and shipments set a company record with a "Kona plus" strategy that emphasizes their newer and growing brands.Owned and "partnership beers" shipments were up 4.7% overall, to 239,000 barrels for the quarter. Overall depletions were up 3% for the quarter, driven by Kona's +18% rate.The last time depletions were positive (instead of flat) was Q1 of 2015, when they were up 2%.YTD depletions were flat, on