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The Boston Beer Company, Inc. reports first quarter 2018 results
(Boston, MA) – The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2018 net revenue of $190.5 million, an increase of $28.8 million or 17.8% from the same period last year, mainly due to an increase in shipments of 15.0%. Net income for the first quarter was $9.3 million, or $0.78 per diluted share, an increase of $3.6 million or $0.33 per diluted share from the first quarter of 2017. This increase was primarily due to increases in net revenue and gross margin that were only partially offset by increases in advertising, promotion and selling expenses.
In the first quarter of 2018 and the first quarter of 2017, the Company recorded a tax benefit of $0.23 per diluted share and $0.28 per diluted share, respectively, resulting from the Accounting Standard “Employee Share-Based Payment Accounting” (“ASU 2016-09”), which was effective for the Company on January 1, 2017.
Highlights of this release include:
Depletions increased 8% from the comparable 13-week period in 2017.
Full-year depletion and shipment change continues to be estimated at between zero and plus 6%.
First quarter gross margin of 50.5% was 3.3 percentage points above the 2017 first quarter margin; the Company’s full year gross margin target remains unchanged at between 52% and 54%.
Advertising, promotional and selling expenses in the first quarter increased $13.8 million or 25.6%, compared to the first quarter of 2017, primarily due to increased investments in local marketing, point-of-sale and media and increased freight to distributors due to higher rates and higher volumes.
Based on current spending and investment plans, full year 2018 Non-GAAP earnings per diluted share1, which excludes the impact of ASU 2016-09, continues to be estimated at between $6.30 and $7.30.
1 See “Outlook” below for additional information regarding non-GAAP forward-looking measures used in this press release.
Jim Koch, Chairman and Founder of the Company, commented, “Our total company depletions increased in the first quarter. We saw significant improvement in Samuel Adams and Angry Orchard trends, led by our key innovations that include Sam ’76, Samuel Adams New England IPA and Angry Orchard Rosé, all of which are generating excitement during the early stages of their introductions. To date, the response from our wholesalers, retailers and drinkers has been quite positive, but it’s too early to fully understand repeat rates on these new products and therefore to draw conclusions on the long-term impact. New craft brewers continue to enter the market and existing craft brewers are expanding their distribution and tap rooms, with the result that drinkers are seeing more choices. We believe that we are well positioned to meet our longer-term challenges because of the quality of our employees, our beers, our innovation capability and our sales execution strength, coupled with our strong financial position that enables us to invest in growing our brands and creating new growth opportunities.”
Mr. Koch continued, “We are delighted that Dave Burwick formally joined as our CEO earlier this month. Dave knows our Company, having served on our Board of Directors since 2005, and has an established track record of innovation and business success in the beverage and consumer goods industries. Martin Roper, the Company’s former President and CEO, has now stepped down as President and CEO and from the Board. We sincerely thank Martin, both for his 17 years of leadership and for the assistance he will provide to Dave during the transition and onboarding process.”
Dave Burwick, the Company’s new President and CEO stated, “It is an honor and privilege to become the Company’s President and CEO. As I onboard to the Company, I’m focused on reviewing all areas of the business, with a focus on brand strategies that will enable the Company to return to long-term profitable growth. Our depletions increase in the first quarter was primarily due to increases in our Twisted Tea, Truly Spiked & Sparkling and Angry Orchard brands that were only partially offset by decreases in our Samuel Adams brand. We’re excited that Twisted Tea continues to grow distribution and generate consumer pull, and that Truly Spiked & Sparkling is well positioned as a leader in the emerging segment of hard sparkling water. Samuel Adams performance improved in the first quarter due to the national launch of Sam ’76 and increases in Seasonal volumes, but these positives were more than offset by declines in other Samuel Adams styles. We had a smooth seasonal transition to Samuel Adams Summer Ale late in the first quarter, which was a few weeks earlier than last year’s second quarter transition.”
Mr. Burwick continued, “As we go forward, we remain committed to our three priorities. Our number one priority is returning Samuel Adams to growth through continued packaging, innovation, promotion and brand communication initiatives, while maintaining Angry Orchard and Twisted Tea’s momentum and ensuring Truly Spiked & Sparkling’s position as a leader in the hard sparkling water category. Our plans to improve our Samuel Adams trends include our current ‘Fill Your Glass’ integrated marketing campaign along with focused sales execution on our primary Samuel Adams initiative, Sam ’76. The second quarter will also see continued investments in Angry Orchard media. We are pleased by the early reaction to our new campaign and are excited by the national launch of Angry Orchard Rosé cider, which we believe can attract new drinkers to the category from wine and beer. Our second priority is a continuing focus on cost savings and efficiency projects to fund the investments needed to grow our brands and to build our organization’s ability to deliver against our goals. Based on our visibility to opportunities in 2018, we are maintaining our previously stated goal of increasing our gross margins by an average of about one percentage point per-year over the 3-year period ending in 2019, before any mix or volume impacts, while preserving our quality and improving our service levels. Our third priority is long-term product innovation, where we continue to explore beverage areas compatible with our business model for delivering long term shareholder value with an aim to generating a consistent cadence of interesting brand innovations.”
1st Quarter 2018 Summary of Results
Depletions increased 8% from the comparable 13-week period in the prior year, primarily driven by our innovations. Shipment volume was approximately 813,000 barrels, a 15.0% increase from the comparable 13-week period in the prior year.
Shipments for the quarter increased at a higher rate than depletions and resulted in higher distributor inventory as of March 31, 2018 when compared to April 1, 2017. The Company believes distributor inventory as of March 31, 2018 was at an appropriate level based on inventory requirements to support forecasted growth of brands and new innovations. Inventory as of March 31, 2018 at distributors participating in the Freshest Beer Program increased slightly in terms of days of inventory on hand when compared to April 1, 2017. The Company has approximately 79% of its volume on the Freshest Beer Program.
Gross margin at 50.5% increased from the 47.2% margin realized in the first quarter of 2017, primarily due to cost saving initiatives in Company-owned breweries, product and package mix, favorable fixed cost absorption and price increases, partially offset by higher ingredients and packaging costs.
Advertising, promotional and selling expenses increased $13.8 million compared to the first quarter of 2017, primarily due to increased investments in local marketing, point-of-sale and media, and increased freight to distributors due to higher rates and volumes.
General and administrative expenses increased by $0.8 million from the first quarter of 2017, primarily due to increases in salaries and benefits costs.
During the first quarter, the Company recorded a net income tax benefit of $0.1 million, which consists of a $2.7 million tax benefit related to stock option exercises in accordance with ASU 2016-09, partially offset by other income tax expenses of $2.6 million. The Company’s effective tax rate for the first quarter, excluding the impact of ASU 2016-09, decreased to 28.0% from 46.8% in the first quarter of 2017, primarily due to the favorable impact of the Tax Cuts and Jobs Act of 2017.
The Company expects that its March 31, 2018 cash balance of $46.6 million, together with its future operating cash flows and its available $150.0 million line of credit, will be sufficient to fund future cash requirements.
During the first quarter and the period from April 1, 2018 through April 20, 2018, the Company repurchased approximately 119,000 shares of its Class A Common Stock for an aggregate purchase price of approximately $22.6 million. As of April 20, 2018, the Company had approximately $156.1 million remaining on the $931.0 million share buyback expenditure limit set by the Board of Directors.
Depletion estimates
Year-to-date depletions through the fifteen weeks ended April 14, 2018 are estimated by the Company to have increased approximately 8% from the comparable period in 2017.
Fiscal 2018 Outlook
The Company currently projects full year 2018 earnings per diluted share to be between $6.30 and $7.30, reflecting the uncertain volume outlook. This projection excludes the impact of ASU 2016-09. The Company’s actual 2018 earnings per share could vary significantly from the current projection. Underlying the Company’s current 2018 projection are the following full-year estimates and targets:
Depletions and shipments percentage change of between zero and plus 6 percent.
National price increases of between zero and 2%.
Gross margin of between 52% and 54%, increasing during the year due to progress on cost saving initiatives.
Increased investment in advertising, promotional and selling expenses of between $15 million and $25 million. This does not include any changes in freight costs for the shipment of products to the Company’s distributors.
Increased general and administrative expenses of between $10 million and $20 million due to organizational investments and stock compensation costs.
Non-GAAP effective tax rate of approximately 28%, excluding the impact of ASU 2016-09.
Estimated capital spending of between $55 million and $65 million, which mostly consist of investments in the Company’s breweries and tap rooms and could be significantly higher, if deemed necessary to meet future growth.
Non-GAAP effective tax rate and Non-GAAP earnings per diluted share are not defined terms under U.S. generally accepted accounting principles (“GAAP”). These Non-GAAP measures should not be considered in isolation or as a substitute for diluted earnings per share and effective tax rate data prepared in accordance with GAAP, and may not be comparable to calculations of similarly titled measures by other companies. The Company’s projection for its Non-GAAP effective tax rate and Non-GAAP earnings per diluted share exclude the impact of ASU 2016-09, which could be significant and will depend largely upon unpredictable future events outside the Company’s control, including the timing and value realized upon exercise of stock options versus the fair value of those options when granted. Therefore, because of the uncertainty and variability of the impact of ASU 2016-09, the Company is unable to provide, without unreasonable effort, a reconciliation of these Non-GAAP measures on a forward-looking basis.
About the Company
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 and today brews more than 60 styles of Samuel Adams beer. Our portfolio of brands also includes Angry Orchard Hard Cider, Twisted Tea, Truly Spiked & Sparkling, as well as several other craft beer brands brewed by A&S Brewing, our craft beer incubator. For more information, please visit our investor relations website at www.bostonbeer.com, which includes links to all of our respective brand websites.
Forward-Looking Statements
Statements made in this press release that state the Company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company’s actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company’s SEC filings, including, but not limited to, the Company’s report on Form 10-K for the years ended December 30, 2017 and December 31, 2016. Copies of these documents may be found on the Company’s website, www.bostonbeer.com, or obtained by contacting the Company or the SEC.
The Boston Beer Company, Inc. reports first quarter 2018 results
(Boston, MA) – The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2018 net revenue of $190.5 million, an increase of $28.8 million or 17.8% from the same period last year, mainly due to an increase in shipments of 15.0%. Net income for the first quarter was $9.3 million, or $0.78 per diluted share, an increase of $3.6 million or $0.33 per diluted share from the first quarter of 2017. This increase was primarily due to increases in net revenue and gross margin that were only partially offset by increases in advertising, promotion and selling expenses.
In the first quarter of 2018 and the first quarter of 2017, the Company recorded a tax benefit of $0.23 per diluted share and $0.28 per diluted share, respectively, resulting from the Accounting Standard “Employee Share-Based Payment Accounting” (“ASU 2016-09”), which was effective for the Company on January 1, 2017.
Highlights of this release include:
Depletions increased 8% from the comparable 13-week period in 2017.
Full-year depletion and shipment change continues to be estimated at between zero and plus 6%.
First quarter gross margin of 50.5% was 3.3 percentage points above the 2017 first quarter margin; the Company’s full year gross margin target remains unchanged at between 52% and 54%.
Advertising, promotional and selling expenses in the first quarter increased $13.8 million or 25.6%, compared to the first quarter of 2017, primarily due to increased investments in local marketing, point-of-sale and media and increased freight to distributors due to higher rates and higher volumes.
Based on current spending and investment plans, full year 2018 Non-GAAP earnings per diluted share1, which excludes the impact of ASU 2016-09, continues to be estimated at between $6.30 and $7.30.
1 See “Outlook” below for additional information regarding non-GAAP forward-looking measures used in this press release.
Jim Koch, Chairman and Founder of the Company, commented, “Our total company depletions increased in the first quarter. We saw significant improvement in Samuel Adams and Angry Orchard trends, led by our key innovations that include Sam ’76, Samuel Adams New England IPA and Angry Orchard Rosé, all of which are generating excitement during the early stages of their introductions. To date, the response from our wholesalers, retailers and drinkers has been quite positive, but it’s too early to fully understand repeat rates on these new products and therefore to draw conclusions on the long-term impact. New craft brewers continue to enter the market and existing craft brewers are expanding their distribution and tap rooms, with the result that drinkers are seeing more choices. We believe that we are well positioned to meet our longer-term challenges because of the quality of our employees, our beers, our innovation capability and our sales execution strength, coupled with our strong financial position that enables us to invest in growing our brands and creating new growth opportunities.”
Mr. Koch continued, “We are delighted that Dave Burwick formally joined as our CEO earlier this month. Dave knows our Company, having served on our Board of Directors since 2005, and has an established track record of innovation and business success in the beverage and consumer goods industries. Martin Roper, the Company’s former President and CEO, has now stepped down as President and CEO and from the Board. We sincerely thank Martin, both for his 17 years of leadership and for the assistance he will provide to Dave during the transition and onboarding process.”
Dave Burwick, the Company’s new President and CEO stated, “It is an honor and privilege to become the Company’s President and CEO. As I onboard to the Company, I’m focused on reviewing all areas of the business, with a focus on brand strategies that will enable the Company to return to long-term profitable growth. Our depletions increase in the first quarter was primarily due to increases in our Twisted Tea, Truly Spiked & Sparkling and Angry Orchard brands that were only partially offset by decreases in our Samuel Adams brand. We’re excited that Twisted Tea continues to grow distribution and generate consumer pull, and that Truly Spiked & Sparkling is well positioned as a leader in the emerging segment of hard sparkling water. Samuel Adams performance improved in the first quarter due to the national launch of Sam ’76 and increases in Seasonal volumes, but these positives were more than offset by declines in other Samuel Adams styles. We had a smooth seasonal transition to Samuel Adams Summer Ale late in the first quarter, which was a few weeks earlier than last year’s second quarter transition.”
Mr. Burwick continued, “As we go forward, we remain committed to our three priorities. Our number one priority is returning Samuel Adams to growth through continued packaging, innovation, promotion and brand communication initiatives, while maintaining Angry Orchard and Twisted Tea’s momentum and ensuring Truly Spiked & Sparkling’s position as a leader in the hard sparkling water category. Our plans to improve our Samuel Adams trends include our current ‘Fill Your Glass’ integrated marketing campaign along with focused sales execution on our primary Samuel Adams initiative, Sam ’76. The second quarter will also see continued investments in Angry Orchard media. We are pleased by the early reaction to our new campaign and are excited by the national launch of Angry Orchard Rosé cider, which we believe can attract new drinkers to the category from wine and beer. Our second priority is a continuing focus on cost savings and efficiency projects to fund the investments needed to grow our brands and to build our organization’s ability to deliver against our goals. Based on our visibility to opportunities in 2018, we are maintaining our previously stated goal of increasing our gross margins by an average of about one percentage point per-year over the 3-year period ending in 2019, before any mix or volume impacts, while preserving our quality and improving our service levels. Our third priority is long-term product innovation, where we continue to explore beverage areas compatible with our business model for delivering long term shareholder value with an aim to generating a consistent cadence of interesting brand innovations.”
1st Quarter 2018 Summary of Results
Depletions increased 8% from the comparable 13-week period in the prior year, primarily driven by our innovations. Shipment volume was approximately 813,000 barrels, a 15.0% increase from the comparable 13-week period in the prior year.
Shipments for the quarter increased at a higher rate than depletions and resulted in higher distributor inventory as of March 31, 2018 when compared to April 1, 2017. The Company believes distributor inventory as of March 31, 2018 was at an appropriate level based on inventory requirements to support forecasted growth of brands and new innovations. Inventory as of March 31, 2018 at distributors participating in the Freshest Beer Program increased slightly in terms of days of inventory on hand when compared to April 1, 2017. The Company has approximately 79% of its volume on the Freshest Beer Program.
Gross margin at 50.5% increased from the 47.2% margin realized in the first quarter of 2017, primarily due to cost saving initiatives in Company-owned breweries, product and package mix, favorable fixed cost absorption and price increases, partially offset by higher ingredients and packaging costs.
Advertising, promotional and selling expenses increased $13.8 million compared to the first quarter of 2017, primarily due to increased investments in local marketing, point-of-sale and media, and increased freight to distributors due to higher rates and volumes.
General and administrative expenses increased by $0.8 million from the first quarter of 2017, primarily due to increases in salaries and benefits costs.
During the first quarter, the Company recorded a net income tax benefit of $0.1 million, which consists of a $2.7 million tax benefit related to stock option exercises in accordance with ASU 2016-09, partially offset by other income tax expenses of $2.6 million. The Company’s effective tax rate for the first quarter, excluding the impact of ASU 2016-09, decreased to 28.0% from 46.8% in the first quarter of 2017, primarily due to the favorable impact of the Tax Cuts and Jobs Act of 2017.
The Company expects that its March 31, 2018 cash balance of $46.6 million, together with its future operating cash flows and its available $150.0 million line of credit, will be sufficient to fund future cash requirements.
During the first quarter and the period from April 1, 2018 through April 20, 2018, the Company repurchased approximately 119,000 shares of its Class A Common Stock for an aggregate purchase price of approximately $22.6 million. As of April 20, 2018, the Company had approximately $156.1 million remaining on the $931.0 million share buyback expenditure limit set by the Board of Directors.
Depletion estimates
Year-to-date depletions through the fifteen weeks ended April 14, 2018 are estimated by the Company to have increased approximately 8% from the comparable period in 2017.
Fiscal 2018 Outlook
The Company currently projects full year 2018 earnings per diluted share to be between $6.30 and $7.30, reflecting the uncertain volume outlook. This projection excludes the impact of ASU 2016-09. The Company’s actual 2018 earnings per share could vary significantly from the current projection. Underlying the Company’s current 2018 projection are the following full-year estimates and targets:
Depletions and shipments percentage change of between zero and plus 6 percent.
National price increases of between zero and 2%.
Gross margin of between 52% and 54%, increasing during the year due to progress on cost saving initiatives.
Increased investment in advertising, promotional and selling expenses of between $15 million and $25 million. This does not include any changes in freight costs for the shipment of products to the Company’s distributors.
Increased general and administrative expenses of between $10 million and $20 million due to organizational investments and stock compensation costs.
Non-GAAP effective tax rate of approximately 28%, excluding the impact of ASU 2016-09.
Estimated capital spending of between $55 million and $65 million, which mostly consist of investments in the Company’s breweries and tap rooms and could be significantly higher, if deemed necessary to meet future growth.
Non-GAAP effective tax rate and Non-GAAP earnings per diluted share are not defined terms under U.S. generally accepted accounting principles (“GAAP”). These Non-GAAP measures should not be considered in isolation or as a substitute for diluted earnings per share and effective tax rate data prepared in accordance with GAAP, and may not be comparable to calculations of similarly titled measures by other companies. The Company’s projection for its Non-GAAP effective tax rate and Non-GAAP earnings per diluted share exclude the impact of ASU 2016-09, which could be significant and will depend largely upon unpredictable future events outside the Company’s control, including the timing and value realized upon exercise of stock options versus the fair value of those options when granted. Therefore, because of the uncertainty and variability of the impact of ASU 2016-09, the Company is unable to provide, without unreasonable effort, a reconciliation of these Non-GAAP measures on a forward-looking basis.
About the Company
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 and today brews more than 60 styles of Samuel Adams beer. Our portfolio of brands also includes Angry Orchard Hard Cider, Twisted Tea, Truly Spiked & Sparkling, as well as several other craft beer brands brewed by A&S Brewing, our craft beer incubator. For more information, please visit our investor relations website at www.bostonbeer.com, which includes links to all of our respective brand websites.
Forward-Looking Statements
Statements made in this press release that state the Company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company’s actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company’s SEC filings, including, but not limited to, the Company’s report on Form 10-K for the years ended December 30, 2017 and December 31, 2016. Copies of these documents may be found on the Company’s website, www.bostonbeer.com, or obtained by contacting the Company or the SEC.
KettleHouse Northwest IPA coming to Montana on May 1st
(Missoula, MT) – KettleHouse Brewing Company, the first modern craft brewery in Montana to package its beer in cans, announces the release of its Northwest IPA into markets across Montana.
Northwest IPA is a dry hopped citrusy IPA with a bevy of hops. This addition to the core line-up will be available on May 1 in 16-ounce, 4-pack and 8-pack cans as well as on draft.
About KettleHouse Brewing Company:
KettleHouse Brewing Company is a family-owned craft brewery in Missoula, Montana. KettleHouse spent its early years re-inventing its business model and has continually evolved to become the second largest craft brewery in Montana. KettleHouse cans six beers a year including Cold Smoke® Scotch Ale, Bonner Logger®, and Double Haul® IPA.
KettleHouse Northwest IPA coming to Montana on May 1st
(Missoula, MT) – KettleHouse Brewing Company, the first modern craft brewery in Montana to package its beer in cans, announces the release of its Northwest IPA into markets across Montana.
Northwest IPA is a dry hopped citrusy IPA with a bevy of hops. This addition to the core line-up will be available on May 1 in 16-ounce, 4-pack and 8-pack cans as well as on draft.
About KettleHouse Brewing Company:
KettleHouse Brewing Company is a family-owned craft brewery in Missoula, Montana. KettleHouse spent its early years re-inventing its business model and has continually evolved to become the second largest craft brewery in Montana. KettleHouse cans six beers a year including Cold Smoke® Scotch Ale, Bonner Logger®, and Double Haul® IPA.
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C Squared Ciders Cühl Cucumber Mint Cider and Mixed 12 Pack released
(Denver, CO) – C Squared Ciders, a Denver, CO based independent craft cidery announced the release of Cühl, an off-dry, summer seasonal cider made with fresh-pressed cucumber juice and spearmint. Landing at 5.5% ABV, cooling cucumber and fresh spring mint compliment the bright crisp apple character of this crushable seasonal cider.
“We produced a very local and limited, draft-only run of this cider last summer and sold out immediately. We’ve had requests from customers and retailers alike to bring it back, so we listened,” says C Squared Ciders sales manager, Eric Hatlestad. Cühl will be available on draft and in 4-pack bottles throughout Colorado and Minnesota all summer long.
C Squared is also launching a mixed 12-pack, now available to go from their tasting room in Denver, and hitting liquor store shelves in early May 2018. The 12-pack will feature two bottles each of their award-winning Siren Series brands – Alma, Ginger, Nona, Ella, Lila, plus the added bonus of two bottles of Cühl – their Cucumber Mint Seasonal. “Our fans have been asking for a mixed pack for years, and we are finally delivering. The mixed 12-pack gives consumers a chance to conveniently pick up and sample all of our core ciders plus a seasonal cider for a complete C Squared flavor experience” says owner and cider maker, Andy Brown. The mixed 12-pack will be a year round offering, with the seasonal cider changing with the seasons.
For more information on C Squared Ciders, please visit csquaredciders.com
About C Squared Ciders C Squared Ciders is a Denver based craft cidery, located in the thriving downtown RiNo Arts District since 2015. We create the highest quality gluten free ciders from non-GMO fresh pressed apples, without any added sugar. The name C Squared symbolizes our commitment to take cider to the next level, in terms of the mainstream acceptance of cider and what cider can become. To do this, we’ve combined our decades of craft brewing experience with cider/winemaking techniques, to bring vibrant new flavors to the world of cider.
C Squared Ciders Cühl Cucumber Mint Cider and Mixed 12 Pack released
(Denver, CO) – C Squared Ciders, a Denver, CO based independent craft cidery announced the release of Cühl, an off-dry, summer seasonal cider made with fresh-pressed cucumber juice and spearmint. Landing at 5.5% ABV, cooling cucumber and fresh spring mint compliment the bright crisp apple character of this crushable seasonal cider.
“We produced a very local and limited, draft-only run of this cider last summer and sold out immediately. We’ve had requests from customers and retailers alike to bring it back, so we listened,” says C Squared Ciders sales manager, Eric Hatlestad. Cühl will be available on draft and in 4-pack bottles throughout Colorado and Minnesota all summer long.
C Squared is also launching a mixed 12-pack, now available to go from their tasting room in Denver, and hitting liquor store shelves in early May 2018. The 12-pack will feature two bottles each of their award-winning Siren Series brands – Alma, Ginger, Nona, Ella, Lila, plus the added bonus of two bottles of Cühl – their Cucumber Mint Seasonal. “Our fans have been asking for a mixed pack for years, and we are finally delivering. The mixed 12-pack gives consumers a chance to conveniently pick up and sample all of our core ciders plus a seasonal cider for a complete C Squared flavor experience” says owner and cider maker, Andy Brown. The mixed 12-pack will be a year round offering, with the seasonal cider changing with the seasons.
For more information on C Squared Ciders, please visit csquaredciders.com
About C Squared Ciders C Squared Ciders is a Denver based craft cidery, located in the thriving downtown RiNo Arts District since 2015. We create the highest quality gluten free ciders from non-GMO fresh pressed apples, without any added sugar. The name C Squared symbolizes our commitment to take cider to the next level, in terms of the mainstream acceptance of cider and what cider can become. To do this, we’ve combined our decades of craft brewing experience with cider/winemaking techniques, to bring vibrant new flavors to the world of cider.
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Earth Rider Brewery expands brewing capacity
(Superior, WI) – Earth Rider Brewery is expanding its production capacity to keep pace with demand for their beer. On Tuesday, April 24 at 7am Earth Rider will be installing two more large vessels, a 40BBL fermenter and 40BBL brite tank.
“Local support for Earth Rider has been overwhelming,”said Tim Nelson, founder of Earth Rider Brewery. “Can sales have really taken off in a short time and the brewery needs more tank capacity to keep up.”
Nelson added that the next brewery expansion is already planned for late 2018. Earth Rider began brewing operations last September and intends to expand distribution to Two Harbors this week.
“It’s validating to feel this pressure on the supply side,” said Frank Kaszuba, Earth Rider director of brewing. “We’re pleased to know that people are enjoying Earth Rider Beer.”
Earth Rider beers are crafted with Lake Superior water and premium hand-selected ingredients by decorated brewers. Earth Rider independently brews at the head of the Great Lakes on the Duluth-Superior Harbor for the Twin Ports, and the South & North Shores of Lake Superior.
Earth Rider Brewery expands brewing capacity
(Superior, WI) – Earth Rider Brewery is expanding its production capacity to keep pace with demand for their beer. On Tuesday, April 24 at 7am Earth Rider will be installing two more large vessels, a 40BBL fermenter and 40BBL brite tank.
“Local support for Earth Rider has been overwhelming,”said Tim Nelson, founder of Earth Rider Brewery. “Can sales have really taken off in a short time and the brewery needs more tank capacity to keep up.”
Nelson added that the next brewery expansion is already planned for late 2018. Earth Rider began brewing operations last September and intends to expand distribution to Two Harbors this week.
“It’s validating to feel this pressure on the supply side,” said Frank Kaszuba, Earth Rider director of brewing. “We’re pleased to know that people are enjoying Earth Rider Beer.”
Earth Rider beers are crafted with Lake Superior water and premium hand-selected ingredients by decorated brewers. Earth Rider independently brews at the head of the Great Lakes on the Duluth-Superior Harbor for the Twin Ports, and the South & North Shores of Lake Superior.
Lord Hobo Angelica New England Wheat Beer debuts along with new 12-packs
[Photo Credit: Lord Hobo Brewing]
(Woburn, MA) – Massachusetts based, Lord Hobo Brewing Company’s (LHBCo) beers will hit shelves next week, newly outfitted in full-wrap cartons. The addition of a Krones Inc. rotary canning line earlier this year has given the brewery an opportunity to improve their packaging with wraps that allow for greater billboard space and highlight their iconic black and gold logo-type graphics.
Alongside the release of 16 ounce 4-pack cartons and 12 ounce 6-pack cartons, LHBCo will begin offering 12 packs. The 12-pack line-up includes a New England Sampler, which will include three of Lord Hobo’s core labels: Hobo Life Session IPA, Glorious Galaxy Pale Ale, and their flagship beer, Boomsauce New England IPA. The sampler showcases LHBO’s diverse offerings of hoppy, hazy, New England Style beers.
This week, the brewery will also release Angelica New England Wheat Beer. Angelica will accompany Boomsauce, Glorious, and Hobo Life as a year-round offering. “Angelica is our first new beer release in over a year.” says Daniel Lanigan, CEO and Founder of Lord Hobo Brewing Co. “We’ve been working hard at building our brand and business around a small core of offerings in order to better assess what products to add. With a growing, raving fan base comes a demand for a wide variety of products, and we’re extremely excited to be adding a wheat beer to the mix.”
While “New England-Style” is commonly assigned to IPA’s, LHBCo set out to incorporate the beloved New England beer characteristics in a wheat beer. By utilizing brewing techniques and ingredients used in “New England-Style” or “Hazy IPAs,” the brewery believes it was able to find the right marriage between the sought-after haze and juice-like qualities and the more traditional characteristics of wheat beer. The result is a highly quaffable beer that showcases the bready, tangy, and elegant sweetness of a wheat beer with the juicy, tropical fruit characteristics attributed from the highly acclaimed Mosaic hop varietal.
The recipe development for the brewery’s New England Wheat was a year in the making, with LHBCo undergoing numerous R&D iterations. Lanigan notes, “Finding the perfect wheat and malt bill to italicize an elegant, fruit-forward hop varietal was an exciting challenge. Angelica, which comes in at 5.5 percent ABV, is a modern wheat beer developed for a wide-range of craft beer drinkers and beyond. Like her namesake, the beer is fucking beautiful!”
Similar to the beer, Angelica’s packaging is a shift from LHBCo’s current offerings. Dressed in white, Angelica boldly contrasts Lord Hobo’s hoppy offerings. A well-known Boston-based tattoo artist, Brian Hemmings (of The Ghost in the Machine tattoo shop) was commissioned to sketch Angelica’s hop and wheat-encircled wings. Angelica New England Wheat will reach LHBCo’s entire distribution footprint in 12oz cans and on draft beginning by early May.
“We’ve been off to a strong start this year,” comments Lanigan. “We’re currently up 60% over this same time period last year. Aside from growth, we’re excited for the new packaging and products to stir up conversations and celebrations with our awesome fans. In a way, it feels like 2018 is just getting started.”
About Lord Hobo Brewing Company– Founded in 2015, Lord Hobo Brewing Co. produces distinguished craft beers that are accessible to all. Located in Woburn, Massachusetts, LHBCo crafts style-defining New England-Style beers and pairs them with a brand that’s carefree, bold and adventurous. Their near 30,000 bbl brewery is ever-expanding to accommodate demand from their thirsty loyal following and savvy beer consumers alike. Stay connected on social media @lordhobobrewing, or for more information visit www.lordhobobrewing.com.
Lord Hobo Angelica New England Wheat Beer debuts along with new 12-packs
[Photo Credit: Lord Hobo Brewing]
(Woburn, MA) – Massachusetts based, Lord Hobo Brewing Company’s (LHBCo) beers will hit shelves next week, newly outfitted in full-wrap cartons. The addition of a Krones Inc. rotary canning line earlier this year has given the brewery an opportunity to improve their packaging with wraps that allow for greater billboard space and highlight their iconic black and gold logo-type graphics.
Alongside the release of 16 ounce 4-pack cartons and 12 ounce 6-pack cartons, LHBCo will begin offering 12 packs. The 12-pack line-up includes a New England Sampler, which will include three of Lord Hobo’s core labels: Hobo Life Session IPA, Glorious Galaxy Pale Ale, and their flagship beer, Boomsauce New England IPA. The sampler showcases LHBO’s diverse offerings of hoppy, hazy, New England Style beers.
This week, the brewery will also release Angelica New England Wheat Beer. Angelica will accompany Boomsauce, Glorious, and Hobo Life as a year-round offering. “Angelica is our first new beer release in over a year.” says Daniel Lanigan, CEO and Founder of Lord Hobo Brewing Co. “We’ve been working hard at building our brand and business around a small core of offerings in order to better assess what products to add. With a growing, raving fan base comes a demand for a wide variety of products, and we’re extremely excited to be adding a wheat beer to the mix.”
While “New England-Style” is commonly assigned to IPA’s, LHBCo set out to incorporate the beloved New England beer characteristics in a wheat beer. By utilizing brewing techniques and ingredients used in “New England-Style” or “Hazy IPAs,” the brewery believes it was able to find the right marriage between the sought-after haze and juice-like qualities and the more traditional characteristics of wheat beer. The result is a highly quaffable beer that showcases the bready, tangy, and elegant sweetness of a wheat beer with the juicy, tropical fruit characteristics attributed from the highly acclaimed Mosaic hop varietal.
The recipe development for the brewery’s New England Wheat was a year in the making, with LHBCo undergoing numerous R&D iterations. Lanigan notes, “Finding the perfect wheat and malt bill to italicize an elegant, fruit-forward hop varietal was an exciting challenge. Angelica, which comes in at 5.5 percent ABV, is a modern wheat beer developed for a wide-range of craft beer drinkers and beyond. Like her namesake, the beer is fucking beautiful!”
Similar to the beer, Angelica’s packaging is a shift from LHBCo’s current offerings. Dressed in white, Angelica boldly contrasts Lord Hobo’s hoppy offerings. A well-known Boston-based tattoo artist, Brian Hemmings (of The Ghost in the Machine tattoo shop) was commissioned to sketch Angelica’s hop and wheat-encircled wings. Angelica New England Wheat will reach LHBCo’s entire distribution footprint in 12oz cans and on draft beginning by early May.
“We’ve been off to a strong start this year,” comments Lanigan. “We’re currently up 60% over this same time period last year. Aside from growth, we’re excited for the new packaging and products to stir up conversations and celebrations with our awesome fans. In a way, it feels like 2018 is just getting started.”
About Lord Hobo Brewing Company– Founded in 2015, Lord Hobo Brewing Co. produces distinguished craft beers that are accessible to all. Located in Woburn, Massachusetts, LHBCo crafts style-defining New England-Style beers and pairs them with a brand that’s carefree, bold and adventurous. Their near 30,000 bbl brewery is ever-expanding to accommodate demand from their thirsty loyal following and savvy beer consumers alike. Stay connected on social media @lordhobobrewing, or for more information visit www.lordhobobrewing.com.
Breakside Rainbows & Unicorns IPA up next in rotating IPA series
This beer’s tropical, summery goodness ensures a magical ride
(Portland, OR) – Breakside Brewery announces the launch of Rainbows & Unicorns – the second in a series of four rotating IPAs in 2018. This session beer was originally created for the 2015 Oregon Brewers Fest and showcases two favorite hop varietals: Galaxy and Eldorado. Galaxy provides juicy notes that are reminiscent of peach and apricot, while Eldorado screams pineapple and lime zest. Breakside backs these up with a healthy dose of Comet hops, a heritage hop varietal, overlooked for many years and now gaining popularity again due to its intense stone fruit and citrus character. Also included in the summery brew are Two Row, Maris Otter, Flaked Rice and Light Crystal malts. Rainbows & Unicorns has an ABV of 5.1% and 32 IBUs.
“Rainbows & Unicorns toes the line between ‘juicier’ and ‘sweeter’ style of IPA and the more classic West Coast hoppy pales,” said Ben Edmunds, Brewmaster of Breakside Brewery. “Our team loves it for its clean, pure hop flavors. This one would be great at a backyard barbeque, paired with grilled octopus, smoked spare ribs or any spicy summer favorite.”
Breakside brews this beer in small batches and it will be released in limited quantities from April through mid-July of this year, staying ultra-fresh until it quickly disappears. Look for it on draft and in 22 oz bottles.
About Breakside Brewery
Breakside Brewery opened in 2010 in Northeast Portland as a restaurant and pub brewery. The brewery is known for its innovative, experimental and diverse beers. In 2013, Breakside expanded operations to Milwaukie, OR with a 30 bbl production brewery filled with 30, 60 and 120 barrel tanks, barrel rooms for wild and non-wild/sour fermentations, a high-speed bottling line and a 24-tap tasting room. The brewery expanded to Northern California in 2016 and in 2017, Breakside opened its third location in the Slabtown district of Northwest Portland. In addition to winning several national and regional awards for its beers, Breakside was named Brewery of the Year at the 2017 Oregon Beer Awards and the 2017 Best of Craft Beer Awards. Breakside sells on draft and in 22oz bottles in Oregon, Washington, Hawaii, Arizona, Colorado, Idaho, North Carolina, South Carolina, Massachusetts, New York, Vermont, Maine, Northern California, British Columbia and Alberta.
Breakside Rainbows & Unicorns IPA up next in rotating IPA series
This beer’s tropical, summery goodness ensures a magical ride
(Portland, OR) – Breakside Brewery announces the launch of Rainbows & Unicorns – the second in a series of four rotating IPAs in 2018. This session beer was originally created for the 2015 Oregon Brewers Fest and showcases two favorite hop varietals: Galaxy and Eldorado. Galaxy provides juicy notes that are reminiscent of peach and apricot, while Eldorado screams pineapple and lime zest. Breakside backs these up with a healthy dose of Comet hops, a heritage hop varietal, overlooked for many years and now gaining popularity again due to its intense stone fruit and citrus character. Also included in the summery brew are Two Row, Maris Otter, Flaked Rice and Light Crystal malts. Rainbows & Unicorns has an ABV of 5.1% and 32 IBUs.
“Rainbows & Unicorns toes the line between ‘juicier’ and ‘sweeter’ style of IPA and the more classic West Coast hoppy pales,” said Ben Edmunds, Brewmaster of Breakside Brewery. “Our team loves it for its clean, pure hop flavors. This one would be great at a backyard barbeque, paired with grilled octopus, smoked spare ribs or any spicy summer favorite.”
Breakside brews this beer in small batches and it will be released in limited quantities from April through mid-July of this year, staying ultra-fresh until it quickly disappears. Look for it on draft and in 22 oz bottles.
About Breakside Brewery
Breakside Brewery opened in 2010 in Northeast Portland as a restaurant and pub brewery. The brewery is known for its innovative, experimental and diverse beers. In 2013, Breakside expanded operations to Milwaukie, OR with a 30 bbl production brewery filled with 30, 60 and 120 barrel tanks, barrel rooms for wild and non-wild/sour fermentations, a high-speed bottling line and a 24-tap tasting room. The brewery expanded to Northern California in 2016 and in 2017, Breakside opened its third location in the Slabtown district of Northwest Portland. In addition to winning several national and regional awards for its beers, Breakside was named Brewery of the Year at the 2017 Oregon Beer Awards and the 2017 Best of Craft Beer Awards. Breakside sells on draft and in 22oz bottles in Oregon, Washington, Hawaii, Arizona, Colorado, Idaho, North Carolina, South Carolina, Massachusetts, New York, Vermont, Maine, Northern California, British Columbia and Alberta.