ProBrewer.com

An Online Resource Serving The Beer Industry

  • News & Articles
    • Featured – Brewing Education
    • Beverage Industry News
    • Front of House
    • Operations
    • Packaging
    • Production
    • Real Estate
    • Sponsored
  • Events
    • All Events
    • Essential Virtual Resources for the Brewing Industry
    • Virtual Brewing Conference Guide
  • Classified Ads
    • Latest Ads
    • Ads By Category
    • Help Wanted / For Hire
    • Search Ads
    • Post Classified Ad
    • Post Catalog Ad
    • About Classified Ads
  • Jobs
  • Discussion
  • Tools
    • IBU Calculator
    • Beer Specifications
    • Water Chemistry
  • Advertise
    • Advertise & Sponsorship on ProBrewer
    • ProBrewer Advertisers
  • Allied Trade Directory
    • Search Allied Trade Directory
    • Your Companies
    • Submit New Allied Trade Company
  • Login / Register
    • ProBrewer Login
    • Register
    • Password Reset
» Beverage Industry News » Quarterly Financial Reports » Boston Beer Has Strong Quarter

Boston Beer Has Strong Quarter

Beverage Industry News» Quarterly Financial Reportsposted Mar 9th, 2010 by pbrewadmin

Shipments up 5% in fourth quarter and has a fast start to 2010

The Boston Beer Company reported a fourth quarter core product depletions increase of 5% and a core product shipments increase of 5%. Net income for the fourth quarter was $7.5 million, an increase of $3.9 million from the fourth quarter of 2008, primarily as a result of increased core shipments and improved gross margins.

Jim Koch, Chairman and Founder of the Company, commented, “We reported 5% depletions growth in the fourth quarter, bringing depletions growth for the second half of 2009 to 6%, as compared to a decline of 1% in the first half of 2009. We believe that our fourth quarter depletions continued the improved trends that we identified at the end of the second quarter. Looking to 2010, we are excited about the introduction of our new spring seasonal, Samuel Adams Noble Pils, a hoppy pilsner beer brewed with a recipe that calls for all five varieties of Noble hops, which has initially been well received by drinkers, retailers and wholesalers.”

Mr. Koch also noted that, “key highlights of the fourth quarter and year were:

•Depletions grew 5% for the quarter and approximately 3% for the year.
•Our breweries continued to improve the quality, efficiencies, capacity and costs, with significant improvements coming at our Pennsylvania Brewery that we purchased in 2008.
•Gross margin was 52% both for the fourth quarter and the full year.
•We finished the year with $55.5 million in cash and no debt.
•Our current estimate of earnings per diluted share for 2010 is between $2.35 and $2.65.”

Year-to-date depletions reported to the Company through February 2010 increased approximately 9% from the same period in 2009, with one less selling day in 2010. The improvement in depletions trends is primarily due to the launch of Samuel Adams Noble Pils.

Shipments and orders in-hand suggest that core shipments year-to-date through April 2010 will be up approximately 9% compared to the same period in 2009.

Share this:

  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Pocket
  • Email
pbrewadmin

Posted by pbrewadmin

Search

Promoted
Zahm & Nagel Co., Inc. logo
Zahm & Nagel Co., Inc.
100% American-Made
G4 Kegs logo
G4 Kegs
A partner you can count on.
ABS Commercial logo
ABS Commercial
We Have Equipment in Stock!
Hillebrand (formerly SLG) • Marks Design and Metalworks

Subscribe to ProBrewer Daily

ProBrewer Subscriptions

View previous newsletters.

Connect With @ProBrewerPage

 Instagram    Facebook    Twitter

 

 

 

Join the ProBrewer mailing list

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy and Cookie Policy

Connect With @ProBrewerPage

 Instagram    Facebook    Twitter

Go Somewhere Else

News • Classifieds • Help Wanted / For Hire • Discussion • Library • Contact • Advertise • Contact Details • Help

Copyright © 2021 · RealBeer Media · Privacy Policy · Terms and Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.