MillerCoors Q2 Depletions Down 1.9%

Dear Client:Molson Coors reported 2017 Q2 results today this morning. Their U.S. business unit, MillerCoors, saw depletions down 1.9% for the quarter, "driven by lower volume in the Premium Light and Below Premium segments, partially offset by growth in the Above Premium segment."Domestic shipment volumes were down 0.4%.Last quarter, depletions had been down 2%, a better sequential trend than the 2.8% drop of Q4.Domestic net sales per hectoliter was up 1% in the latest quarter, due to higher net pricing