Last $14.28 USD
Change Today -0.435 / -2.96%
Volume 60.7K
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As of 1:36 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

craft brew alliance inc (BREW) Key Developments

Craft Brew Alliance Revises Earnings Guidance for the Full Year 2014

Craft Brew Alliance announced that it is tightening previously reported 2014 full year guidance based on its nine months' performance and completing the launch of its brewing operations in Memphis, Tenn. in the third quarter. The company narrows 2014 guidance ranges as follows: Depletion growth estimate of 7% to 9%; Average price increases of approximately 1.5%; Growth in contract brewing revenue of approximately 40%; Gross margin rate of 29% to 30%; and capital expenditures of approximately $16 million to $18 million.

Craft Brew Alliance, Inc. Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-04-2014 02:15 PM

Craft Brew Alliance, Inc. Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-04-2014 02:15 PM. Venue: InterContinental Hotel, Boston, Massachusetts, United States. Speakers: Andrew J. Thomas, Chief Executive Officer, Mark D. Moreland, Chief Financial Officer, Executive Vice President and Treasurer.

Craft Brew Alliance, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Craft Brew Alliance, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s net sales were USD 56,686,000 against USD 49,007,000 a year ago. Operating income was USD 3,366,000 against USD 2,014,000 a year ago. Income before income taxes was USD 3,270,000 against USD 1,864,000 a year ago. Net income was USD 1,995,000 or USD 0.10 per basic and diluted share against USD 1,095,000 or USD 0.06 per basic and diluted share a year ago. Adjusted EBITDA was USD 5,803,000 against USD 4,396,000 a year ago. For the six months, the company’s net sales were USD 100,512,000 against USD 85,616,000 a year ago. Operating income was USD 3,144,000 against operating loss of USD 803,000 a year ago. Income before income taxes was USD 2,941,000 against loss before income taxes of USD 1,132,000 a year ago. Net income was USD 1,794,000 or USD 0.09 per basic and diluted share against net loss of USD 679,000 or USD 0.04 per basic and diluted share a year ago. Net cash provided by operating activities was USD 8,118,000 against USD 4,388,000 a year ago. Expenditures for property, equipment and leasehold improvements were USD 5,074,000 against USD 5,313,000 a year ago. Adjusted EBITDA was USD 7,865,000 against USD 3,640,000 a year ago. Based on year-to-date financial results in line with expectations, the company is confirming previously issued guidance regarding its anticipated full year 2014 results, as follows: Growth in contract brewing revenue of 25% to 50% as a result of new partnerships, gross margin rate of 28.5% to 30.5%. As the company continues to optimize its brewing locations and improve capacity utilization and efficiency, the company expects its gross margin rate to expand 500-700 basis points over the next five years. Capital expenditure is approximately USD 15 million to USD 20 million, continuing its investments in capacity and efficiency improvements, quality initiatives and restaurant and retail.

Craft Brew Alliance, Inc., Q2 2014 Earnings Call, Aug 07, 2014

Craft Brew Alliance, Inc., Q2 2014 Earnings Call, Aug 07, 2014

Craft Brew Alliance Unveils New Craft Beer Explorer Variety Pack

Craft Brew Alliance has announced the availability of new Craft Beer Explorer Variety Pack in markets across the US. The Craft Beer Explorer Variety Pack features seasonally relevant specialty beers that are typically on tap at the brewery's pubs but not yet available in broader distribution. For instance, many of the popular and unique craft beers from Kona Brewing in Hawaii never make it to the mainland. In this way, the Explorer Pack creates a unique opportunity for CBA to introduce new beers outside of their home markets. The latest version of the package includes Kona Lemongrass Luau Blonde Ale, Redhook Fat Chance Light IPA and Widmer Brothers Double M.A.C. Session IPA.

 

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Company Last Change
Boston Beer Co Inc/The $249.00 USD +17.62
Grupo Modelo SAB de CV $124.26 MXN 0.00
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