Redhook, Widmer Outside Market Trends Make CBA Q3 Depletions Flat

Dear Client:Craft Brew Alliance has just reported Q3 results for quarter ended September 30. Depletions were flat, reflecting "strong growth" in Kona and Omission, offset by declines in Redhook and Widmer Brothers outside of their home markets, as well as the "the impact from increasing competition in California" that CBA top brass mentioned last quarter. YTD depletions appear flat, too. Shipments were up 2.2% for the quarter. Net sales were almost $55 million, up 5%; net sales per barrel were