BOSTON – The Boston Beer Company, Inc. (NYSE: SAM) reported third quarter 2012 net revenue of$166.4 million, an increase of $31.6 million or 23%, over the same period last year, mainly due to core shipment growth of 17%. Net income for the third quarter was $20.8 million, or $1.53 per diluted share, an increase of… Read more »
After 25 years in New York City, the Brooklyn Brewery knows a thing or two about competition. So a little more doesn’t faze them, even if that little more is actually more than 1,300 breweries in planning. “We have been competing against anyone and everyone since the very beginning,” said company COO Eric Ottaway. “We… Read more »
Oskar Blues continued its successful new market rollout plan, selling 14,000 case equivalents to its distributors during the company’s first week in Ohio. The feat comes just two months after an impressive launch in the Windy City, one that saw Oskar Blues move 5,000 cases of beer in one week.
Brewbound is pleased to announced that Paul Evers, the founder and president of brand development and design firm tbd Creative, will lead a discussion on branding for craft brewers at the upcoming Brewbound Session in San Diego, Calif. on Nov. 29. With over 2,000 craft breweries fighting for “share of mind,” it’s becoming increasingly important… Read more »
Attention craft brewers. Brewery Ommegang is offering assistance to any companies feeling the devastating impacts of Hurricane Sandy, which put a beating on many East Coast towns yesterday. Company president and CEO Simon Thorpe said that while his own brewery was not harmed in the storm, he’s aware of the damage a tragic event like… Read more »
Today, Heavy Seas beer announced a number of changes for 2013 including changes to its “Clipper Fleet” line of beers and a complete rebranding of its “Mutiny Fleet” offerings. Mutiny Fleet, the higher-ABV line which includes beers like The Great Pumpkin and Siren Noire will be repositioned as “Uncharted Waters.” Press materials indicate that all… Read more »
The latest release from Widmer Brothers is SXNW, a creative play on the “South By Southwest (SXSW)” interactive, film and music conference held annually in Austin, Texas. It’s called SXNW (South by Northwest) and it joins the Widmer Brothers Brewing limited-edition Brothers’ Reserve series, which showcases the brewery’s innovation in craft brewing.
Fireman’s Brew today announced that it is conducting a private offering of stock for California residents. The Los Angeles-based craft beer company which launched in 2006 only recently began distributing outside of Southern California, launching across Colorado in September. Since, the company has also launched in Illinois and Arizona and is “looking to grow aggressively,”… Read more »
While many craft brewers actively pursue new retail opportunities in convenience stores, grocery chains and large mainstream restaurant accounts, Avery Brewing’s national sales director Ted Whitney said the company is still focusing sales efforts at what he calls ‘low hanging fruit.
Ninkasi Brewing broke ground last Thursday on an $18 million expansion that will not only allow for increased production capacity but also will add additional warehouse and office space for the Eugene, Ore.-based craft brewer. The multi-structure expansion plan includes a 7,800 square foot warehouse to be used for cold storage and local distribution.
New York City-based private equity firm KPS Capital Partners today announced plans to sell North American Breweries (NAB) – whose brand portfolio includes well-known craft offerings like Magic Hat, Pyramid and MacTarnahan’s – to Cerveceria Costa Rica, S.A. for $388 million. Reports of a potential buyout surfaced last month when Reuters, citing “sources familiar with… Read more »
Boulevard Brewing today announced expanded distribution on both coasts, adding California to the growing list of new markets that will receive the brewers high-end ‘Smokestack Series’ beers. The country’s tenth largest craft brewer selected Young’s Market Company – primarily a wine and spirits wholesaler – as its distribution partner. Boulevard sent its first shipment of… Read more »
Did you know that the Brewbound Session Winter 2012 – a one day conference on the business of craft beer – is less than five weeks away? Limited space is available and filling up fast. Our team has been busy assembling an informative and engaging program, which provides an excellent opportunity to learn marketing, investment,… Read more »
The Boston Beer Company today announced an ingredient change in its popular hop forward offering, Samuel Adams Latitude 48 IPA. The company has added Mosaic hops, from the Yakima, Wash. growing region. Boston Beer founder Jim Koch originally encountered the new varietal after a trip to the region and experimented with the hop during a… Read more »
