Exclusive news and research on the wine, spirits and beer business

Craft Brewing and Distilling News for April 27, 2018

April 27, 2018

•The Boston Beer Company saw net revenue grow 17.8% to $190.5 million in the first quarter, with shipments rising 15% over the same period last year. The strong first quarter, with depletions rising 8%, was attributed by new CEO Dave Burwick to solid showings from the Twisted Tea, Truly Spiked & Sparkling, and Angry Orchard labels. Burwick added that Sam ’76 and other new Samuel Adams releases also performed well. For 2018 as a whole, Boston Beer projects sales growth of 0%-6% and will increase prices by as much as 2%. The first quarter marked a return to growth for the company, which posted a net revenue decline of 4.8%, to roughly $863 million, for its full fiscal 2017.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , , , ,

Get your first look at 2020 data and 2021 projections for the wine and spirits industries. Order your 2021 Impact Databank Reports. Click here.

Previous :  Next :