Dear Client: Beam Suntory reported its full year fiscal earnings last week, with global net sales up 11% and sales in the US up high single digits. In the US, depletions outpaced shipments for the fiscal year, with depletions up double digits, "and that's evidence not only of robust consumer demand for premium brands and premiumization–and particularly our brands and our categories and our teams– but also…the resilience of our industry and the resilience of our teams these last
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