Q2 Boston Beer Depletions Down 5% as Industry Plagued with “Economic Uncertainty” and “Poor Weather,” says Jim

Dear Client:  After a promising Q1 trend – where depletions were down only 1% and shipments up 5.3%, partly due to pre-summer inventory build – Boston Beer Q2 earnings came in a little worse than some may have expected: Depletions were down 5%, and shipments down 0.8%.  That caused the company to update its full-year guidance, which had previously contemplated potential low-single digit growth for shipments and depletions, on the high end of projections. Growth is no longer in the