Boston Beer Company reported a 15% decrease in shipments for the last quarter, a 707,000 barrel drop in its beer, cider, tea and hard seltzer brands. The company reported a net income of $5.7 million, which was a $1.3 million decline from the same period last year. “Our total company depletions continued to decline… Read More…
CBA Has Strong Growth on Kona Coattails
Craft Brew Alliance (CBA) announced an increase of 6.4% in net sales compared to same period last year, driven mostly by the 23.9% increase in the Kona brand-family. It was the strongest quarterly earnings report overall for CBA ever with $62.3 million in net sales and 239,000 barrels shipped. Following is the press release provided by… Read More…
CBA Announces Soft 2014 Numbers
Craft Brew Alliance announced today in a preliminary financial report that the company had a net sales growth of $1.8 million for the fourth quarter, an increase of 4% over the fourth quarter in 2014, in spite of flat shipment volume. Gross profit for the fourth quarter increased by 13% to $15.5 million, and gross… Read More…
ABI Down Slightly in Quarterly Earnings Report
Anheuser-Busch InBev announced in its quarterly earnings report yesterday that U.S. depletions were down 2.1% while overall shipments to wholesalers was up 1.2%. For the nine month period, depletions were down just about 2% and shipments were down a similar amount. The company had revenue of $11376.00 million for the quarter which is down -7.1%… Read More…
CBA Announces Tough Q1 Earnings
Craft Brew Alliance (CBA) reported its financial results for the first quarter ended March 31, 2015. The company announced a 5% drop in sales which prompted an 18.8% drop in its stock price the following day. Depletions were up slightly at 1% during the period, primarily due to strong sales in home markets of Washington,… Read More…
Pattern Continues – ABInBev Slips in US but Profits Grow
Anheuser-Busch InBev announced its 4th quarter 2014 results and US sales of Budweiser were down once again with sales-to-retailers down 1.4% for the quarter and down 1.7% for the full year. Bud Light sales-to-retailers were down 1.1% in the 4th quarter and down 1.6% for the full year. But the largest brewer in the world… Read More…
Boston Beer Rings Up Impressive Third Quarter
Boston Beer announced that third-quarter revenue climbed 25% to $269.7 million versus same period last year, driven primarily by a 23% increase in core shipment volume, to 1.2 million barrels. Depletions were up an impressive 21%, bringing year-to-date depletions growth to 25%. Notably, advertising, promotional and selling expenses increased by $8.9 million, or 16%, during… Read More…
SABMiller Down in US, Up in Global Sales
SABMiller, the second largest brewer in the world, reported an increase of 3% in beer volume in the first three months of its financial year. The strongest markets were in Africa and Europe. The US did not fare so well. In the company’s first fiscal quarter which ended June 30th, domestic US depletions were down… Read More…
Boston Continues Growth Rally
The Boston Beer Company, which has surprised some in the industry with a string of double-digit quarters, reported yet another solid growth spurt with first quarter 2014 core shipments up 32%. Net revenue was $183.8 million, an increase of $47.9 million, or 35%, over the same period last year. Net income for the first quarter… Read More…
Boston Beer Rides the Tide
The Boston Beer Company, Inc. reported fourth quarter 2013 net revenue of $205.4 million, an increase of $52.4 million or 34% over the same period last year. Net income for the fourth quarter was $18.1 million. Depletions grew by an impressive 23% from the comparable 52 week period in the prior year. The company spent… Read More…
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