MillerCoors Q3 Depletions Down 2.9%

Dear Client:Molson Coors reported third quarter results for 2017 this morning. Here's how their U.S. business unit, MillerCoors, fared:Depletions dropped 2.9% in the quarter, "driven by lower volume in the Premium Light and Below Premium segments." That's a little bit worse than last quarter, which saw depletions down 1.9%.Shipments fell 7.2% in the quarter, "partially driven by a reduction in distributor inventories and one less trading day this quarter." (No mention of weather affecting this measure.) That's a significant drop