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Craft Brewing and Distilling News for March 6, 2015

March 6, 2015

The Craft Brew Alliance (CBA) has confirmed a net sales increase of 12% to more than $200 million and a 17% increase in gross profit to $58.7 million for its full fiscal year, ended December 31, 2014. Total shipments grew 10% in 2014—up from a 4% increase in 2013—with Kona shipments growing 17%, Widmer Brothers up 6% and Redhook up 3% over the previous year. Despite a 25% reduction in SKUs, depletions increased 7%, compared to 2013’s 11% depletions increase. In the fiscal year ahead, the company sees owned beer shipments growing between 6%-8% and continued top-line growth.

•California’s Coronado Brewing has posted a 36% increase in production to nearly 30,000 barrels for 2014, as well as a 58% rise in year-on-year revenue. According to Brandon Richards, Coronado’s director of sales and marketing, the brewer’s performance has been especially strong in its home state, with revenue in Northern California up 77%. Concurrently, Coronado has unveiled plans to enter Illinois, New Jersey and Rhode Island this year, with Georgia and Minnesota expected to follow by early 2016. Coronado Brewing, which produces the Coronado Golden, Orange Ave Wit, Islander IPA and Mermaid’s Red labels, among others, has a current footprint of 21 states.

•New York’s Roscoe NY Beer Company is launching two new beers in April, Trout Town Rainbow Red Ale and Trout Town Brown Ale. The first is an India-style red ale (7.5% abv) with floral and citrus hop aroma, while the brown ale (5.5% abv) has pronounced chocolate and coffee flavors, according to the company. The Roscoe NY Beer Company was founded in April 2013 with its flagship Trout Town American Amber Ale (5% abv). Its craft beers are available in select counties across New York state, as well as New York City.

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