Craft Brewing And Distilling News for November 8, 2012November 8, 2012
•Oregon’s Craft Brew Alliance (CBA) has reported a net sales increase of 11% to $127.4 million for the nine-month period ended September 30, 2012. CBA also reported net income of $2.2 million for the nine months. Total beer shipments during the period increased 6% to 549,700 barrels, and depletions grew 5%. Net sales for the company’s fiscal third quarter ending in September were up 10% to $44.6 million, resulting from price increases in beer sold to wholesalers as well as a hike in revenues earned from the company’s pubs.
•Escondido, California-based Stone Brewing Co. is expanding its “Stone Enjoy By IPA” freshness initiative to a number of new markets. In the third release of the program, Enjoy By 12.21.12 IPA will roll out to Southern California, Central Coast California, Northern California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Missouri, New Jersey, New York City and Texas. The “Enjoy By” program involves a special IPA release that is bottled, kegged, shipped and then immediately delivered within a seven-day timeline, with the beer’s expiration date prominently featured on the label. It was initially launched in New Jersey, Chicago and Southern California in August and expanded to Colorado and Ohio last month.
Tagged : craft beer, Craft Brew Alliance