CBA Q2: Work Cut Out for the Company with “Unprecedented Concentration in Declin

Dear Client:Craft Brew Alliance chief Terry Michaelson stressed on today's call that flat shipments and 3% depletions growth for Q2 should be viewed through a very specific lens: Still not at two years in their portfolio strategy, expect "considerable differences in performance" on a quarterly basis as they adjust "programming, expansion plans in channels and territories, intro new products and evolve our strategy and execution." Operations chief Andy Thomas narrowed that lens further. CBA decliners are neatly delineated, unprecedented in