Craft Brewing and Distilling News for May 5, 2016May 5, 2016
•Craft Brew Alliance (CBA) saw depletion volume decline 3% during the first quarter, while shipments fell 11% to 150,000 barrels, owing to a temporary closure of the company’s Portland brewery. CBA’s net sales were down 6% to $39 million, partially offset by strong revenue per barrel and improved sales in its pubs. In the 12 months through March, CBA depletions decreased by 1.1%, while net sales rose 1.9%, with the Kona brand driving sales. The company said the temporary brewery closure was necessary to enable strategic upgrades in brewing capacity and gross margin. With those projects completed, CBA is projecting a return to shipment growth of 1%-2% for the full year.
•Placentia, California-based craft brewer The Bruery is debuting a Share This biannual series of collaborative offerings with the launch of Share This: Coffee. The inaugural imperial stout (11.9% abv) was made with Bourbon & Catimor coffee beans from the Philippines. The Share This series will feature beers with unique ingredients that support causes in specific regions around the world. One dollar for every bottle of Share This: Coffee will be donated to nonprofit Free Wheelchair Mission, which operates in the Philippines. Share This: Coffee will be available beginning in June throughout The Bruery’s 25-state distribution footprint.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Craft Brew Alliance, Free Wheelchair Mission, Kona, The Bruery
GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.