Articles Tagged with 'Craft Brew Alliance'

Craft Brew Alliance Exploring All Options in the Wake of No Offer from A-B

Craft Brew Alliance Exploring All Options in the Wake of No Offer from A-B

Rearrange the blocks, or sell them? That’s the question that Craft Brew Alliance CEO Andy Thomas seemed to be working through in a rare off-cycle conference call with investors and analysts today after his company’s largest playmate, Anheuser-Busch InBev, declined its long-held option to purchase the Portland, Oregon-headquartered craft beer maker.

CBA Seeks Answers on Future of Anheuser-Busch Partnership

CBA Seeks Answers on Future of Anheuser-Busch Partnership

The awkwardness between Craft Brew Alliance and Anheuser-Busch InBev didn’t end last Friday when the world’s largest beer manufacturer passed on making a qualifying offer to purchase the company. CBA CEO Andy Thomas told Brewbound that the awkwardness has shifted from a will-they, won’t-they-get-married scenario, to one in which the question is if the two companies still want to live together now that they’re no longer engaged.

Anheuser-Busch InBev Doesn’t Make Qualifying Offer for Craft Brew Alliance

Anheuser-Busch InBev Doesn’t Make Qualifying Offer for Craft Brew Alliance

The deadline for Anheuser-Busch InBev to make a qualifying offer to acquire the remaining stake of Craft Brew Alliance (CBA) came and went today without an offer. The world’s largest beer manufacturer, which already owns 31.3 percent of the smaller Portland, Oregon-headquartered craft beer maker, had until today, August 23, to either make an offer for the remaining stake in the company at a minimum of $24.50 per share (about $328 million) or pay a $20 million fee.

CBA Execs Comment on Potential Sale to A-B, New Hard Seltzer Releases

CBA Execs Comment on Potential Sale to A-B, New Hard Seltzer Releases

Just 14 days remain before Anheuser-Busch InBev’s deadline to make a qualifying offer to buy the remaining stake of Craft Brew Alliance, or pay a $20 million fee. The prospect of a qualifying offer of around $328 million (at a minimum price of $24.50 per share) from A-B, which already owns about 31 percent of CBA, was one of the main focuses of Thursday’s second-quarter earnings call.

Kona Carries CBA to 1 percent Depletion Growth in Q2

Kona Carries CBA to 1 percent Depletion Growth in Q2

Kona Brewing once again lifted Craft Brew Alliance’s (CBA) financial results. CBA shared its second-quarter financial results today, highlighted by portfolio-wide depletions (sales-to-retailers) growth of more than 1 percent, and shipment (sales-to-wholesalers) growth of 4.4 percent.

CBA Hopes March Madness Spend on Kona Will Accelerate 2019 Sales

CBA Hopes March Madness Spend on Kona Will Accelerate 2019 Sales

Craft Brew Alliance hopes its marketing efforts in the first part of the year built a “strong foundation” for continued growth throughout the rest of 2019, CEO Andy Thomas said during Thursday’s first quarter earnings call with investors and analysts.

March Madness Ushers In New TV Ads from Major Brewers

March Madness Ushers In New TV Ads from Major Brewers

The NCAA men’s basketball tournament officially tips off on Thursday, and several major beer manufacturers are already jockeying for fans’ attention. MillerCoors, Anheuser-Busch InBev, Craft Brew Alliance (CBA) and D.G. Yuengling are among the beer companies hoping consumers will want to catch a buzz with their products while watching for buzzer beaters this month.

CBA Plans National Ad Campaign, Double-Digit Growth for Kona in 2019

CBA Plans National Ad Campaign, Double-Digit Growth for Kona in 2019

Hoping to build off the continued growth of its flagship Kona Brewing portfolio, Craft Brew Alliance said it plans to increase sales of the Hawaiian-themed brand by double digits in 2019. During Thursday’s earnings call with investors and analysts, CEO Andy Thomas laid out the company’s plans to hit that goal, while also reflecting on a “good” 2018.

Despite Continued Kona Growth, CBA Depletions Decline in Q3

Despite Continued Kona Growth, CBA Depletions Decline in Q3

The continued acceleration of Kona beer sales during the third quarter couldn’t offset company-wide shipment and depletion declines of other Craft Brew Alliance (CBA) offerings, the Portland, Oregon-headquartered company reported today. In Q3, Kona depletions increased 9 percent as the brand grew in both off- and on-premise channels. The depletion growth followed increases of 7 percent and 3 percent in the second and first quarters of the year, respectively.

Craft Brew Alliance Plans to Increase Spending on Kona, Eyes Top Line Acceleration

Craft Brew Alliance Plans to Increase Spending on Kona, Eyes Top Line Acceleration

Following the release of Craft Brew Alliance’s second-quarter results on Wednesday, CEO Andy Thomas hailed his company’s financial performance as the “strongest validation” yet that CBA is a “company transformed.” During a call with analysts and investors today, Thomas said CBA is now in its “strongest operational and strategic position” company history, which he attributed to the growth of the Kona brand, a reshaped CBA portfolio that now includes three smaller craft partners, a rationalized brewery footprint, improved gross margin, and a “far more profitable business model.”

Craft Brew Alliance Grows Revenue 2 Percent in Q2

Craft Brew Alliance Grows Revenue 2 Percent in Q2

Craft Brew Alliance (CBA) today reported its second-quarter earnings, which were highlighted by a 2 percent revenue increase, to $61.8 million. CBA attributed the uptick in net sales to increased shipments of the Kona brand, and increases in average unit pricing, despite continued Widmer Brothers and Redhook declines.