MC Posts Soft Q4 Shipments & Depletions in U.S., Citing Many Factors

Dear Client:  Molson Coors turned in its Q4 tallies for 2022 early this morning, and U.S. performance came in much softer than the previous quarter. Indeed, after posting some of the best trends it has logged in over a decade for Q3 – with U.S. depletions down only 0.9% and shipments up 1.4% – Molson Coors saw U.S. depletions fall 6.8% in Q4, and shipments drop double-digits (-11.2%). The company attributed the mid-single digit decline in U.S. depletions to “softer