Kona Steals the Show in CBA’s Q4 and Year-End Results

Dear Client:Fourth quarter and full year results for Craft Brew Alliance just hit.Overall depletions for the brewer were down 1% in the fourth quarter, but CBA highlighted the fact that Kona a.k.a. "the cornerstone of their portfolio" grew depletions by 27% in the fourth quarter.Depletions were flat for the year, as a result of declines in Redhook Brewery, Resignation Brewery, and Widmer Brothers. These brewer's declines, however, "were offset by growth in our International business, Kona Brewing, Omission Beer, and