Beer Marketer's Insights
Jun taxpaid shipments off 250,000 bbls, 1.4% estimates Matt Hein of Beer Inst.
That?s not too bad, considering 1 less selling day and way Jul 4 fell this yr: more
buy-in in June last yr. On other hand, that was 2d down mo in row following 6 straight
gains. Also means 2d-qtr domestic taxpaid shipments up just 150,000 bbls, 0.3% despite
malternative intros and pipeline-fills. For 6 mos, domestic taxpaid shipments up 850,000
bbls, 0.9%, a far better pace than 1st half last yr, when taxpaid shipments down
450,000 bbls. Initial reaction on Street saw glass half-empty; AB stock down 6% on day
this modest 1 mo industry drop became public. It rallied back some since. Recall that AB
ceo Pat Stokes had told Dow Jones in late Jun that "everything is pretty well on
projection."
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