Craft Brewing And Distilling News for December 13, 2012December 13, 2012
•With just a few weeks left in 2012, Boston Beer Co. has raised projections on both depletions and earnings for the year. After the third quarter, Boston Beer projected earnings per diluted share to be between $3.80 and $4.20 for the full year, with depletions expected to increase by 8%-12%. However, with fourth-quarter shipment volumes outpacing expectations, and due to the timing of certain expenses, the company is now projecting earnings per diluted share to rise by $4.30-$4.60, while projecting depletions growth of 11%-13%. Boston Beer also anticipates impressive progress in 2013, with projected depletions growth of 10%-15%.
•Redlands, California-based Hangar 24 craft brewery is set to roll out its Helles Lager and Orange Wheat beers in cans. The two brews are available now in 12-ounce cans at Hangar 24’s tasting room and will be available in both on- and off-premise accounts in California beginning next week. Meanwhile, Hangar 24 is also finishing up an expansion project for its brewing facilities that includes a renovation for the tasting room, three new fermenting tanks and space for a new bottling line to be installed next summer. The expansion will increase the brewery’s annual production to around 35,000 barrels.
•Seattle’s Tatoosh Distillery has introduced its namesake craft Bourbon and whiskey offerings to its home market. Created using 100-year-old family recipes, Tatoosh Bourbon and Tatoosh Whiskey are distilled in Bend, Oregon and aged using an accelerated oak infusion spiral process, lending to flavors of American and French oak. Tatoosh Distillery will initially produce 1,500 bottles of each. Tatoosh Bourbon is available beginning this week in select Seattle-area bars, restaurants and retail stores.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.