Category: Quarterly Financial Reports
Latest financial news from publicly traded brewing companies
News 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, Oregon and Hawaii where deletions were up 8%.
On a conference call with analysts, CBA Chief Executive Andy Thomas emphasized “our home-market strategy,” selling its beers in the states where they are produced. Total shipments were down 8%.
Shipments of Redhook beer fell 16% after growing just 3 percent during 2014. Even Kona shipments down -0.9%, which has been the leading growth brand in the CBA portfolio.
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News 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.
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News Boston Beer Has Big Third Quarter Gains
The Boston Beer Company reported third quarter 2013 results highlighted by a big jump in depletions which grew 26% from the comparable 13-week period in the prior year, primarily due to increases in the Angry Orchard, Samuel Adams and Twisted Tea brands.
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News MillerCoors Sales Down, Profits Up
In a familiar story in this new age of global consolidated major-brewers, MillerCoors domestic sales to retailers was down 1.6 percent in the first-quarter but net income rose 16.6 percent to $275.3 million compared with the same period last year, driven by positive pricing growth, cost management and favorable product mix. Overall profits were up 16.6%.
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News Boston Sales Up, Income Down
Boston Beer announces 10% increase in shipments but stocks dip on news of net income decrease
Boston Beer announced last week that quarterly shipments were up 10% and depletions up 7% for the period ended March 6th 2011. Revenue was up $8.1 million although net income was down $2.3 million.
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