Molson Coors Q4 U.S. Depletions Still Down a Bit Due to Economy Brands

Dear Client: Molson Coors is finally making some traction toward flat depletions in the U.S., having just reported U.S. brand volumes down 3.8% for Q4, still citing "the decline in the economy portfolio including the de-prioritization and rationalization of non-core SKUs," as it has for a few quarters now.  But at least it's up from the -5.2% U.S. depletions dip of last quarter.   Q4 U.S. domestic shipments, meanwhile, were up 3.3% as Molson Coors "worked to rebuild distributor inventory levels."