Molson Coors Q4 U.S. Depletions Only Down 1.7%

Dear Client: It looks like things are getting sequentially better for Molson Coors Beverage Company.  Today they reported depletions down 1.7% and shipments up 2.5% for the U.S. fourth quarter. That's a far better showing than their previous quarter results, where shipments were down 6.2%, and depletions down 3.9%. Although, they were facing some pretty easy comps in the fourth quarter of 2019, as shipments were down 8.9% and depletions down 5.1% in Q4 of 2018. Still, maybe their new