Sam Adams “Probably Won’t Get to Growth This Year” But Angry Orchard Might

Dear Client:Boston Beer depletions were down 5% in 2016, and down 5% again this past year. But yesterday the company estimated full year 2018 depletions to be "between flat to up 6%."Analysts were curious, on yesterday's earnings call, as to how they arrived at that relatively optimistic number.Boston believes Twisted Tea and Truly will continue to grow, "and those are relatively reliable beliefs," said outgoing Boston CEO Martin Roper. Agreed.The reservations in achieving that guidance, however, lie with Sam Adams