CBA Shows Growth in 2nd Qtr.
Craft Brew Alliance announced that second quarter portfolio depletion volume grew 12% over the second quarter of 2012 and 9% year-to-date compared to the same period last year.
Net sales were up 10%
“We are pleased with our depletions growth of 12% for the second quarter and 9% year-to-date. Our second quarter results are in line with our expectations and demonstrate the positive trend we are anticipating for the full year,” said Terry Michaelson, CBA’s CEO. “For the second half of 2013, we remain focused on driving improved sales and profit growth by leveraging the strengths of our dynamic brand portfolio and continuing to realize benefits as a result of the investments we made in the first quarter to improve gross margin and SG&A.”
Core brands for Kona, Redhook and Widmer were up 23%, 14% and 1% respectively.
CBA was formed through the merger of Widmer Brothers Brewing and Redhook Ale Brewery in 2008. It is partially owned by Anheuser-Busch. Kona Brewing Company joined the portfolio in 2010 and Omission beer was launched in 2012.
