Craft Brew Alliance

Craft Brew Alliance (CBA) officially announced its 2017 earnings today, which fell in line with preliminary financial results shared on February 1. Those results were again highlighted by net sales increasing 2 percent to more than $207.5 million and 10 percent depletion growth for the Hawaiian-themed Kona brand.

AMB is expanding into South Carolina and Tennessee in spring 2018 with its core portfolio and IPA series.

Widmer Brothers today announced its full 2018 lineup, including two new beer series that were born in our innovation brewery and the return of two fan favorites as new seasonals.

Craft Brew Alliance (CBA) has shut down its emerging business division and, in the process, let go of a key executive who had been with the company since 2011. In an SEC filing, CBA today announced that John Glick, who most recently served as the vice president of the company’s emerging business unit, would leave to “pursue other business opportunities.”

As Craft Brew Alliance (CBA) continues to execute on a Kona-Plus strategy that led to 10 percent depletion growth for the Hawaiian-themed brand in 2017, CEO Andy Thomas is working to transform the publicly traded craft beer company into a “smaller, but healthier” organization that prioritizes profitability over increased shipment volumes.

Kona Brewing Company today announced its first blonde ale, Kanaha Blonde Ale, will be available nationwide. Kanaha (pronounced ka-NA-ha) Blonde Ale is a bright, sessionable beer made with real mango fruit, adding a juicy, tropical flavor that is easy like the island.

Born at Redhook Brewlab in Seattle, My Oh My Caramel Macchiato Milk Stout, Redhook’s new spring seasonal, is a rich, espresso-driven milk stout with the perfect hint of caramel sweetness. Inspired by the popular caramel macchiato coffee drink, Redhook head brewer Nick Crandall first brewed the beer last year as an experimental recipe poured exclusively at Brewlab.

Today, Kona Brewing Company toasts, for the first time, a remarkable annual milestone of selling its five-millionth case of beer in the U.S., a principal moment in the brand’s history. Big Wave Golden Ale, the company’s flagship beer, is the biggest contributor to the feat, with more than 1.6 million cases sold year-to-date.

As the end of 2017 draws near, U.S. beer volume sales remain roughly flat, according to recent data from Chicago-based market research firm IRI Worldwide. IRI, which tracks beer sales at off-premise retailers, reported that total beer sales through the first 11 months of 2017 exceeded $31.8 billion in the firm’s multi-outlet and convenience. Through December 3, U.S. beer volume sales declined 0.5 percent while total beer dollar sales increased 1.1 percent.

Seven months after putting its Woodinville, Washington, brewery up for sale, Craft Brew Alliance (CBA) today announced that it has reached an agreement to sell the facility to Sound Commercial Investment Holdings LLC for $24.5 million.

Craft Brew Alliance made good on last week’s promise to revisit its brewpub strategy, yesterday announcing plans to shift away from a restaurant-focused brewpub model at the Widmer Brothers brewery in Portland, Oregon. In a post on the brand’s Facebook page, CBA said it would eliminate its full-service kitchen to make way for expanded small-batch brewing capabilities inside of a recently built 10-barrel innovation brewery that opened about 15 months ago.

While its legacy Widmer and Redhook brands continue to decline, Kona offerings are up double-digits year-to-date in a Craft Brew Alliance portfolio that has grown to include a number of regional craft brewery partners in recent years.

Craft Brew Alliance (CBA), which makes and markets a range of beer offerings, today reported its third-quarter earnings results. The company’s performance for the three-month period ending September 30 was highlighted by a 9 percent increase in Kona depletions (shipments to wholesalers). Through the first nine months of the year, Kona depletions have increased 10 percent.

Craft Brew Alliance, Inc. (“CBA”) (Nasdaq: BREW), a leading craft brewing company, announced today that it will hold a question and answer conference call for the third quarter ended September 30, 2017 on Thursday, November 9, 2017 at 8:30 a.m. PST (11:30 a.m. EST).