Craft Brewing and Distilling News for October 31, 2019
October 31, 2019•The Boston Beer Company’s net revenue was up 23.3% to $378.5 million in its fiscal third quarter through September, with shipments rising by nearly 22% and depletions up 21% over the comparable 39-week period in the previous year. Boston Beer’s purchase of Milton, Delaware-based Dogfish Head earlier this year contributed to sales growth, the company noted. Boston Beer president and CEO Dave Burwick also pointed to Truly Hard Seltzer—up triple-digits by volume—and Twisted Tea as the primary growth engines for the company in recent months.
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