Heineken reported operating profit growth at just 0.3% for the first half of 2019, missing company projections which lowered shares in the world-wide brewer more than anytime in the four years. The slow growth was blamed on increased costs for aluminum cans and poor weather in Europe. Consolidated beer volume globally was up 3.1%…. Read More…
Boston Beer Alt Beverages Drive Impressive Growth
The Boston Beer Company reported second quarter 2019 net revenue of $318.4 million, an increase of $45.3 million or 16.6%, from the same period last year. This increase was driven by impressive sales growth over the period. Shipments increased 17% in the second quarter and have increased 23% for year-to-date through July 3rd. On… Read More…
Craft Brew Alliance Reports First Qtr. Results
Craft Brew Alliance reported a first quarter 5% drop in deletions, which along with a recent $4.7 million cost to settle a lawsuit over alleged “false and deceptive advertising,” resulted in a net income loss of $7.3 million. The Kona brand, driven by a $4.6 million national marketing campaign was up 10% in the… Read More…
Boston Beer Shows Strong First Quarter
The Boston Beer Company reported first quarter 2019 net revenue of $251.7 million, an increase of $61.2 million or 32.1% from the same period last year, mainly due to an increase in shipments of 32.5%. The significant increase in net revenue, compared to the first quarter of 2018, was driven by the planned acceleration… Read More…
Boston Beer Hits a Home Run in Earnings Report
It wasn’t just the color of red socks that gained attention in Boston last week, it was also some pretty impressive news coming out of Boston Beer Company as they announced their third quarter earnings last Friday. Depletions for the most recent quarter which ended September 29 were up 18% while shipments for the… Read More…
Boston Beer Drops 15% in First Qtr.
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…
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