Craft Brewing and Distilling News for August 2, 2013August 2, 2013
•The Boston Beer Co. reported a revenue increase of 23% to $181.3 million in its fiscal second quarter ending June 29, 2013, due primarily to the 21% increase in core shipments to 837,000 barrels. Income for the period was up to $19.7 million— a $5.4 million increase from the year-earlier period. Depletions were up 24% in the 13-week period from a year earlier, backed by the growth of Angry Orchard cider, Samuel Adams and Twisted Tea, and up 21% in the comparable 26-week period, to 1.5 million barrels. The company estimates full-year depletions for 2013 to increase by between 17%-22%, up from the previously estimated 10%-15%.
•St. Louis-based O’Fallon Brewery has launched a limited edition beer, 10-Day IPA, under its “Brewer’s Stash” series. The 9%-abv beer will be available in four-packs of 12-ounce bottles from September through December at grocery stores and liquor stores across 14 states. 10-Day IPA marks the company’s first Imperial IPA, brewed first with two-row barley, caramel and honey malt and white wheat, followed by Magnum, Centennial, Chinook, Cascade and Calypso hops. In other company news, O’Fallon will also be releasing its Pumpkin Beer in cans for the first time this month. The pumpkin brew will now be offered in six-packs of 12-ounce cans, in addition to the previously offered six-packs and 12-packs of 12-ounce bottles and on draft.