More Boston Earnings: Back Half Predictions, and Room to Grow By Q1

Dear Client: Yesterday's Boston earnings call was relatively short, with many callers trying to tease out the reasons and the way forward after the company adjusted full-year depletions growth estimate guidance downward, to between 6% to 9% for 2015. Second quarter depletions were up 6%. Asked whether they built into that range the assumption that Sam Adams brands would grow again in the back half, CEO Martin Roper answered that he expects "continued pressure." They'd "be delighted to see improvement