Craft Brewing and Distilling News for October 31, 2013October 31, 2013
•Boston Beer reported revenue of $216 million for its fiscal third quarter ended September 28, up 30% from a year ago. Depletions growth for the company was at 26% in the quarter and 23% over the past nine months. Samuel Adams, Twisted Tea and Angry Orchard were credited with driving the strong results. Announcing an increase in the target for full-year depletions growth to 21%-24%, company president and CEO Martin Roper said, “To take advantage of the opportunities that we currently see and expected competitive activity, we’re increasing our planned investment in media, our sales force and other support behind our brands for the remainder of the year.”
•Downingtown, Pennsylvania-based Victory Brewing Co. has released a new seasonal, Hop Ranch Imperial India Pale Ale. A reworked version of the brewer’s Liberty Bell Ringer release, Hop Ranch Imperial is made with Mosaic and Azacca hops, as well as German malts. The 9%-abv offering will be available from December through February, in four packs and on draft. Hop Ranch, which marks Victory’s third new release this year, follows the launch of DirtWolf Double IPA earlier this month. Established in 1996, Victory Brewing currently has a footprint of 30 states.
•Tavern-inspired bar chain World of Beer (WOB) has opened its 50th location in Brandon, Florida. The new outpost, which marks the company’s first in Brandon and seventh in the Tampa Bay area, will offer more than 500 craft beers and WOB’s new, comfort food-focused “Tavern Fare” menu. WOB Brandon will also feature a variety of craft-beer infused cocktails, made with craft spirits from local distilleries. Founded in Tampa, Florida in 2007, WOB currently operates across 16 states, with upcoming openings slated for Seattle, Washington; Syracuse, New York; and Santan, Arizona.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.