Investors sold off Craft Brew Alliance (CBA) shares today after the company, which produces Kona, Widmer, Redhook and Omission brands, released disappointing third quarter earnings yesterday. During an investor call following up the earnings report, CEO Terry Michaelson expressed his dissatisfaction with the company’s overall return.
BOULDER, CO — After five consecutive years of hosting SAVOR?: An American Craft Beer & Food Experience in Washington, D.C., the Brewers Association is bringing the event to New York City. In 2013, SAVOR will be held on June 14 and 15 at the Metropolitan Pavilion and adjoining Altman Building in Manhattan. The two-night event… Read more »
PORTLAND, OR — Craft Brew Alliance, Inc. (“CBA”) (Nasdaq: BREW), an independent craft brewing company, reported net sales of $127.4 million and net income of $2.2 million for the nine months ended September 30, 2012, as compared with net sales of $114.3 million and net income of $9.4 million a year ago, which included an… Read more »
Denver Beer Co. has one very important on-premise account — itself. The startup brewery, which launched in August 2011 and produces all of its beer for draught, sells 99 percent of it through the company’s own tap lines, according to co-founder Patrick Crawford.
Brewbound has released the final agenda for the Brewbound Session Winter 2012, which will be held Nov. 29 in San Diego at the Paradise Point Resort. With the conference just three weeks away, it is a perfect time to review the in-depth presentations and panel discussions that will take place.
Brewbound is pleased to welcome a trio of experienced craft beer wholesalers to participate in a discussion of the distribution challenges facing craft brewers as part of the Brewbound Session on Nov. 29 in San Diego, Calif. This panel discussion will explore the relationship between the multitude of startups trying to get to market and… Read more »
Here’s something a lot of craft brewers don’t like to share: They are every bit as interested in learning what Tenth and Blake — MillerCoors’ craft arm – can do for their businesses as MillerCoors is interested in talking to them about a partnership.
As part of our ongoing coverage of the 2012 Great American Beer Festival, Brewbound.com asked a number of craft brewers attending the event to define what success meant for their respective breweries. While most agreed that maintaining a profitable business was important, several indicated that it’s not always the main consideration when plotting a course… Read more »
Businesses and individuals along the Eastern Seaboard are picking up the pieces following the devastating effects of Hurricane Sandy. Among those impacted were a few notable names in the craft beer industry, some of whom were hit especially hard. Barrier Brewing – the Oceanside, New York-based craft brewer that launched in June of 2010 –… Read more »
The Redhook Brewery certainly pushed some buttons last year when it launched a rather crude ad campaign littered with frat-boy humor. Now, Redhook has gone political in its latest ad campaign in support of same-sex marriage. The company is calling it their “So Gay” campaign and they hope to influence voter opinion on the issue… Read more »
Brewbound is pleased to announce that Brian Meece, the CEO of the crowd-funding platform RocketHub, will speak at the Brewbound Session on Nov. 29 in San Diego. Crowdfunding is becoming an increasingly popular way for craft brewers to raise small amounts of capital from multiple sources. With more than 1,300 breweries in planning looking to… Read more »
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.
