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» Beverage Industry News » Quarterly Financial Reports » Boston Up 7% in 3rd Qtr.

Boston Up 7% in 3rd Qtr.

Beverage Industry News» Quarterly Financial Reportsposted Nov 2nd, 2011 04:43:51PM by pbrewadmin

Profits and shipments were both up for Boston Beer Co in third quarter results according the a company press release yesterday.

The company reported net income of $16.3 million compared with $15.4 million in the comparable period last year.

Net revenue surged 8 percent to $134.8 million from $124.5 million a year earlier, driven by a 7 percent gain in shipment volume for a total of 656,000 barrels.

Depletion’s were up 11% for the quarter and 8% YTD.

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pbrewadmin

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