MillerCoors Q1 Depletions Down 3.8%; Shipments Down 2.7%

Dear Client: This time last year, MillerCoors was turning in a disastrous first quarter performance for 2018 with depletions down nearly 4% and shipments down a staggering 7% due to the mess at their Golden Brewery. How's the company faring a year later? Well, shipments were only down 2.7% in the first quarter of 2019. Depletions, however, are still down around 4%, falling 3.8% in Q1. MillerCoors, who posted the first quarter earnings this morning, said the declines in shipments