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New Belgium to round out nationwide distribution with three New England states

BeerNews.org - Mon, 02/27/2017 - 08:47

[Press Release:]

(Fort Collins, CO) – A new year brings new opportunity as New Belgium Brewing finalizes distribution in all 50 states. Currently sold throughout the US with the exception of the upper northeast, New Belgium will open Maine, New Hampshire and Vermont in the first half of 2017. With a second brewery in Asheville, NC, online as of 2016, New Belgium has capacity to finally lock in the national footprint.

New Belgium is proud to partner with the following distributors:

Vermont: (March 20)
Baker Distributing Corporation (M/C)

New Hampshire (March 20)
Clark Distributors (AB)
White Mountain Distributors (AB)
New Hampshire Distributors, Inc. (AB)
Bellavance Beverage Company, Inc. (AB)

Maine (April 24)
Pine State Trading Co. (M/C)
National Distributors, Inc. (AB)

“It feels great to lock in these final states for distribution,” said New Belgium’s Northeast and Canada Sales Director, Rich Rush. “We have always taken a very measured approach to growth and that model has served us well. That said, it’s immensely fulfilling to know that we’ll be a fully national brand with distribution in all 50 states this year.”

New Belgium will enter each market with a mix of year round, seasonal release and specialty beers in all draft, bottles and canned formats.

About New Belgium Brewing
New Belgium Brewing, makers of Fat Tire Amber Ale and a host of Belgian-inspired beers, is recognized as one of Outside Magazine’s Best Places to Work and one of the Wall Street Journal’s Best Small Businesses. The 100% employee-owned brewery is a Platinum-level Bicycle Friendly Business as designated by the League of American Bicyclists, and one of World Blu’s most democratic U.S. businesses, and a Certified B Corp. In addition to Fat Tire, New Belgium brews fourteen year-round beers; Citradelic Tangerine IPA, Citradelic Lime Ale, Voodoo Ranger IPA, Voodoo Ranger Imperial IPA, 8 Hop Pale Ale, Dayblazer Easydrinking Ale, Tartastic Lemon Ginger Ale, Sunshine Wheat, 1554 Black Ale, Bohemian Pilsner, Abbey Belgian Ale, Trippel and a gluten-reduced line, Glutiny Pale Ale and Glutiny Golden Ale. Learn more at www.newbelgium.com.

Categories: Beer Blogosphere News

Left Hand Brewing Co. enters Oregon in March as its 40th state

BeerPulse - Mon, 02/27/2017 - 08:33

[Press Release:]

(Longmont, CO) – Get ready to #PourHard Oregon! Left Hand Brewing Co. has partnered with GDI (General Distributors Inc.) to bring America’s original nitro stout in the bottle, Milk Stout Nitro, to the Oregon beer community this March. Left Hand plans to feature a number of the brewery’s 28x Great American Beer Festival medal winning portfolio to the greater Portland area. “We couldn’t be more excited to introduce Left Hand Brewing to Portland!,” states Steve “Tiny” Irwin, COO at GDI. “Their world class lineup is a perfect fit for the GDI portfolio and has been eagerly anticipated for years.” The development will be an extension of Left Hand’s continued West Coast expansion, recently opening Alaska, N. Idaho, S. California, Nevada, and W. Canada in the last two years, increasing the brewery’s U.S. footprint to 40 states.

General Distributors Inc. plans to offer Left Hand’s year round line-up, seasonal and limited packages, including their famous Nitro lineup, and fan favorites: Milk Stout & Milk Stout Nitro, Good Juju, Polestar Pilsner, and Fade to Black. “Anybody that is lucky enough to have been able to visit Oregon realizes, that much like Colorado, it is one of the top craft beer destinations in the world. We are super excited and humbled to be able to offer our beer to the great folks of the Greater Portland Community” shares Jason Ingram, National Sales Director of LHBC. Left Hand Brewing will kick-off their arrival to greater Portland area in early March, with a series of kick off events. Event details will be posted at lefthandbrewing.com/blog.

About Left Hand Brewing Company
Employee Owned, Righteously Independent. Celebrating twenty-three years of brewing a well-balanced portfolio of craft beers, Left Hand Brewing Company is located at 1265 Boston Avenue in Longmont, Colorado. Left Hand is one of the most honored and recognized breweries in the state, with over 28 Great American Beer Festival medals, 11 World Beer Cup awards, and 9 European Beer Star awards. Famous for their Nitro series, Left Hand Brewing established America’s original Nitro bottle with their popular Milk Stout Nitro. Left Hand’s collection of perennial and seasonal beers are available in 40 states & DC. Distribution: AL, AK, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MN, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, VA, VT, WA, WI, WY
International: GBR, IRL, CZ, DEU, SWE, NOR, CAN, JPN

About GDI
GDI is a premier beverage distributor in the Portland Metro market that services 11 counties from Salem to Hood River. The company was founded in 1921 as “Fick Cigar Co” by Charles A. Fick, Sr. and his brother George Fick, Sr. During Prohibition, the company distributed candy, cigarettes and cigars. After repeal they began selling the Olympia beer brand and expanded their portfolio as the years progressed. The current warehouse and headquarters are located in Oregon City, OR, where they employ more than 170 people. Their current portfolio includes MillerCoors, Constellation and Mike’s in addition to a great variety of national and local craft breweries, cideries, wineries and non-alcoholic beverage brands.

Categories: Beer Blogosphere News

Left Hand Brewing Co. enters Oregon in March as its 40th state

BeerNews.org - Mon, 02/27/2017 - 08:33

[Press Release:]

(Longmont, CO) – Get ready to #PourHard Oregon! Left Hand Brewing Co. has partnered with GDI (General Distributors Inc.) to bring America’s original nitro stout in the bottle, Milk Stout Nitro, to the Oregon beer community this March. Left Hand plans to feature a number of the brewery’s 28x Great American Beer Festival medal winning portfolio to the greater Portland area. “We couldn’t be more excited to introduce Left Hand Brewing to Portland!,” states Steve “Tiny” Irwin, COO at GDI. “Their world class lineup is a perfect fit for the GDI portfolio and has been eagerly anticipated for years.” The development will be an extension of Left Hand’s continued West Coast expansion, recently opening Alaska, N. Idaho, S. California, Nevada, and W. Canada in the last two years, increasing the brewery’s U.S. footprint to 40 states.

General Distributors Inc. plans to offer Left Hand’s year round line-up, seasonal and limited packages, including their famous Nitro lineup, and fan favorites: Milk Stout & Milk Stout Nitro, Good Juju, Polestar Pilsner, and Fade to Black. “Anybody that is lucky enough to have been able to visit Oregon realizes, that much like Colorado, it is one of the top craft beer destinations in the world. We are super excited and humbled to be able to offer our beer to the great folks of the Greater Portland Community” shares Jason Ingram, National Sales Director of LHBC. Left Hand Brewing will kick-off their arrival to greater Portland area in early March, with a series of kick off events. Event details will be posted at lefthandbrewing.com/blog.

About Left Hand Brewing Company
Employee Owned, Righteously Independent. Celebrating twenty-three years of brewing a well-balanced portfolio of craft beers, Left Hand Brewing Company is located at 1265 Boston Avenue in Longmont, Colorado. Left Hand is one of the most honored and recognized breweries in the state, with over 28 Great American Beer Festival medals, 11 World Beer Cup awards, and 9 European Beer Star awards. Famous for their Nitro series, Left Hand Brewing established America’s original Nitro bottle with their popular Milk Stout Nitro. Left Hand’s collection of perennial and seasonal beers are available in 40 states & DC. Distribution: AL, AK, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MN, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, VA, VT, WA, WI, WY
International: GBR, IRL, CZ, DEU, SWE, NOR, CAN, JPN

About GDI
GDI is a premier beverage distributor in the Portland Metro market that services 11 counties from Salem to Hood River. The company was founded in 1921 as “Fick Cigar Co” by Charles A. Fick, Sr. and his brother George Fick, Sr. During Prohibition, the company distributed candy, cigarettes and cigars. After repeal they began selling the Olympia beer brand and expanded their portfolio as the years progressed. The current warehouse and headquarters are located in Oregon City, OR, where they employ more than 170 people. Their current portfolio includes MillerCoors, Constellation and Mike’s in addition to a great variety of national and local craft breweries, cideries, wineries and non-alcoholic beverage brands.

Categories: Beer Blogosphere News

Eco Vessel Growler (w/Infusion Basket) – $28 Best Price, See Trick

Homebrew Finds - Mon, 02/27/2017 - 08:22
Eco Vessel BOSS Insulated Growler.  64 Oz Insulated Stainless Steel Growler with Dual Open Cap and an included Infusion Basket.  The dual open cap has a large mouth opening for filling and emptying and a smaller opening for drinking. The stainless steel infusion basket is designed to infuse fruit, tea and herbs.  I think this […]
Categories: Beer Blogosphere News

Breakthru Beverage Group launches craft beer distribution in South Carolina

BeerPulse - Mon, 02/27/2017 - 08:01

[Press Release:]

Company introduces Louisville-based Goodwood Brewing Co. to market

(Ridgeway, SC) – Breakthru Beverage South Carolina announced today it will introduce select craft beers to its portfolio, beginning with Louisville-based Goodwood Brewing Co. This represents Breakthru South Carolina’s first expansion into the beer marketplace.

“We’re thrilled to be entering the craft beer space and Goodwood Brewing Co. is the perfect brand to align ourselves with and establish Breakthru’s craft beer presence in South Carolina,” said Sean O’Connor, President of Breakthru Beverage South Carolina. “Goodwood’s unique brewing process and flavor profile fit perfectly within our portfolio that includes some of the most eclectic, sought-after and best-tasting beverages in the region, and will enable us to better service our customer and consumer demands while becoming a TBA solution in the state.”

Goodwood’s brewing philosophy pays homage to Kentucky’s distilling legacy. All Goodwood beers begin with limestone water, which guides the fermentation process and allows it to achieve its distinct taste profile. To finish, Goodwood beers are wood-seasoned on poplar, oak, ash and other woods, or in reclaimed oak casks once used to house wine, brandy and Kentucky bourbon.

“By adding some additional wood-touched beers (Spruce Tip IPA and Hemp Gose) to our core lineup and with our second brewery coming soon, we’re finally in a position to bring our wood-touched and barrel-aged brews to new customers in new states. We are excited to partner with Breakthru South Carolina to add The Palmetto State to our footprint,” said Goodwood CEO, Ted Mitzlaff.

“Across the country, craft beer is a growing segment of our business,” said Kevin Roberts, Executive Vice President Sales & Marketing of Breakthru Beverage Group. “While spirits and wine account for the majority of our national portfolio, we remain steadfast on growing all businesses to meet new demands. Introducing craft beer to our operations in South Carolina is a pivotal moment for Breakthru, and we look forward to expanding upon our already strong portfolio.”

Beginning in March, Breakthru will offer Goodwood’s Louisville Lager and Spruce Tip IPA in 12oz cans and Walnut Browne Ale, Bourbon Barrel Ale and Bourbon Barrel Stout in 12oz bottles to the South Carolina market. Each will be available in draft kegs as well.

About Breakthru Beverage Group
Breakthru Beverage was formed by joining substantial holdings of The Charmer Sunbelt Group and Wirtz Beverage Group. The company employs more than 7,000 associates and has operations across the U.S. and Canada. For more information, visit www.BreakthruBev.com

About Goodwood Brewing Co.
Goodwood Brewing is a production brewery located in the heart of downtown Louisville. The brewery is dedicated to making beers that have been touched by wood; whether in reclaimed oak casks once used to house bourbon, red wine, and brandy or seasoned on oak, poplar or ash. Goodwood’s “shade-grown beers” are all touched by the natural gradations of reclaimed casks and other wood types for flavorful expressions that are unique to Goodwood. Just like the bourbon Kentucky is famous for, all of Goodwood’s beers begin with limestone water. The gents behind Goodwood are some of Louisville’s longest-serving brewing veterans, running production breweries since 2001.

Categories: Beer Blogosphere News

Breakthru Beverage Group launches craft beer in South Carolina

BeerNews.org - Mon, 02/27/2017 - 08:01

[Press Release:]

Company introduces Louisville-based Goodwood Brewing Co. to market

(Ridgeway, SC) – Breakthru Beverage South Carolina announced today it will introduce select craft beers to its portfolio, beginning with Louisville-based Goodwood Brewing Co. This represents Breakthru South Carolina’s first expansion into the beer marketplace.

“We’re thrilled to be entering the craft beer space and Goodwood Brewing Co. is the perfect brand to align ourselves with and establish Breakthru’s craft beer presence in South Carolina,” said Sean O’Connor, President of Breakthru Beverage South Carolina. “Goodwood’s unique brewing process and flavor profile fit perfectly within our portfolio that includes some of the most eclectic, sought-after and best-tasting beverages in the region, and will enable us to better service our customer and consumer demands while becoming a TBA solution in the state.”

Goodwood’s brewing philosophy pays homage to Kentucky’s distilling legacy. All Goodwood beers begin with limestone water, which guides the fermentation process and allows it to achieve its distinct taste profile. To finish, Goodwood beers are wood-seasoned on poplar, oak, ash and other woods, or in reclaimed oak casks once used to house wine, brandy and Kentucky bourbon.

“By adding some additional wood-touched beers (Spruce Tip IPA and Hemp Gose) to our core lineup and with our second brewery coming soon, we’re finally in a position to bring our wood-touched and barrel-aged brews to new customers in new states. We are excited to partner with Breakthru South Carolina to add The Palmetto State to our footprint,” said Goodwood CEO, Ted Mitzlaff.

“Across the country, craft beer is a growing segment of our business,” said Kevin Roberts, Executive Vice President Sales & Marketing of Breakthru Beverage Group. “While spirits and wine account for the majority of our national portfolio, we remain steadfast on growing all businesses to meet new demands. Introducing craft beer to our operations in South Carolina is a pivotal moment for Breakthru, and we look forward to expanding upon our already strong portfolio.”

Beginning in March, Breakthru will offer Goodwood’s Louisville Lager and Spruce Tip IPA in 12oz cans and Walnut Browne Ale, Bourbon Barrel Ale and Bourbon Barrel Stout in 12oz bottles to the South Carolina market. Each will be available in draft kegs as well.

About Breakthru Beverage Group
Breakthru Beverage was formed by joining substantial holdings of The Charmer Sunbelt Group and Wirtz Beverage Group. The company employs more than 7,000 associates and has operations across the U.S. and Canada. For more information, visit www.BreakthruBev.com

About Goodwood Brewing Co.
Goodwood Brewing is a production brewery located in the heart of downtown Louisville. The brewery is dedicated to making beers that have been touched by wood; whether in reclaimed oak casks once used to house bourbon, red wine, and brandy or seasoned on oak, poplar or ash. Goodwood’s “shade-grown beers” are all touched by the natural gradations of reclaimed casks and other wood types for flavorful expressions that are unique to Goodwood. Just like the bourbon Kentucky is famous for, all of Goodwood’s beers begin with limestone water. The gents behind Goodwood are some of Louisville’s longest-serving brewing veterans, running production breweries since 2001.
###

Categories: Beer Blogosphere News

William’s Brewing Rhizome Presale is On – Quantity Discounts & Free Nucleated Pints

Homebrew Finds - Mon, 02/27/2017 - 08:00
William’s Brewing’s Rhizome Pre-Order is one.  Rhizomes are selling for $4.99.  Prices drop by $1.10 to $3.89 per rhizome when you buy eight or more.  Pre-Order now to reserve your desired varieties. Rhizome Pre-Sale at William’s Brewing Also: FREE Nucleated Pint Glass Set – with William’s Brewing Order
Categories: Beer Blogosphere News

Hand Carved Maple Hardwood Mash Paddle – $41.99

Homebrew Finds - Mon, 02/27/2017 - 08:00
36″ Mash Paddle, hand carved from a single piece of hardwood maple.  Smooth sanded finish and oil free.  Small hole in the the top allows the paddle to be hung and displayed in your home brewery.  Made in the USA. Product Description – Here – Use coupon code BEERDEAL to get this discount. Hand Carved Maple […]
Categories: Beer Blogosphere News

Amazon Deal of the Day – Save on Select Thermos Products – includes Can Insulator

Homebrew Finds - Mon, 02/27/2017 - 07:56
As one of their Daily Deals, Amazon is discounting select Thermos Gear.  That selection includes a couple of interesting items including the pictured 12 ounce can, can insulated at $8.29. Amazon Gold Box Deals | Save on Select Thermos Gear Shipping to most US addresses should also be free with Prime Membership or a qualifying order. Price, shipping […]
Categories: Beer Blogosphere News

Sibling Revelry Cherry Wit introduced as spring seasonal

BeerPulse - Mon, 02/27/2017 - 07:09

[Press Release:]

(Westlake, OH) – Sibling Revelry Brewing, the Westlake, Ohio-based craft brewer, is releasing their new seasonal Cherry Wit this spring. The Belgian-style white will be available in 6-pack cans in Northeast Ohio, as well as in 15.5 gallon kegs and 5.16 gallon sixtels sold primarily to bars and restaurants.

Cherry Wit was originally brewed on Sibling Revelry’s pilot system back in July, yielding limited barrels that quickly sold out due to high demand.

Brewed with sweet and tart cherry purees, Cherry Wit has a semi-tart flavor and a crisp dry finish. With a low 4.1% ABV, the beer was brewed as a light and refreshing beer to compliment the spring season.

“We’ve been brewing stronger, more robust beers over the past several months, so we wanted to release a beer that was tasty and crushable,” says Brewmaster Pete Velez. “Our winter seasonal Belgian Strong Ale release was robust with a strong alcohol mouthfeel. This beer is the opposite of that. It has very refreshing cider-like qualities.”

Sean Kennedy, one of Sibling Revelry’s founders, says Cherry Wit fills a small void in the Cleveland area brewer’s lineup. “This release is a very solid addition to Sibling Revelry’s can offerings. We have our IPA, Rowan’s American Red Ale, and Swing State Pale Ale – all traditional styles, but we were missing a light wheat ale that could appeal to an even larger audience. It fills a certain absence of an easygoing, less hoppy beer.”

About Sibling Revelry Brewing

Sibling Revelry Brewing is a family owned production brewery and tasting room located in Westlake, Ohio. The Sibling Revelry taproom features 16 craft beers on tap, a rotating selection of visiting food trucks and facility tours. The Sibling Revelry production facility features a 30-barrel system and canning line that self-distributes throughout Northeast Ohio.

Categories: Beer Blogosphere News

Sibling Revelry Cherry Wit introduced as spring seasonal

BeerNews.org - Mon, 02/27/2017 - 07:09

[Press Release:]

(Westlake, OH) – Sibling Revelry Brewing, the Westlake, Ohio-based craft brewer, is releasing their new seasonal Cherry Wit this spring. The Belgian-style white will be available in 6-pack cans in Northeast Ohio, as well as in 15.5 gallon kegs and 5.16 gallon sixtels sold primarily to bars and restaurants.

Cherry Wit was originally brewed on Sibling Revelry’s pilot system back in July, yielding limited barrels that quickly sold out due to high demand.

Brewed with sweet and tart cherry purees, Cherry Wit has a semi-tart flavor and a crisp dry finish. With a low 4.1% ABV, the beer was brewed as a light and refreshing beer to compliment the spring season.

“We’ve been brewing stronger, more robust beers over the past several months, so we wanted to release a beer that was tasty and crushable,” says Brewmaster Pete Velez. “Our winter seasonal Belgian Strong Ale release was robust with a strong alcohol mouthfeel. This beer is the opposite of that. It has very refreshing cider-like qualities.”

Sean Kennedy, one of Sibling Revelry’s founders, says Cherry Wit fills a small void in the Cleveland area brewer’s lineup. “This release is a very solid addition to Sibling Revelry’s can offerings. We have our IPA, Rowan’s American Red Ale, and Swing State Pale Ale – all traditional styles, but we were missing a light wheat ale that could appeal to an even larger audience. It fills a certain absence of an easygoing, less hoppy beer.”

About Sibling Revelry Brewing

Sibling Revelry Brewing is a family owned production brewery and tasting room located in Westlake, Ohio. The Sibling Revelry taproom features 16 craft beers on tap, a rotating selection of visiting food trucks and facility tours. The Sibling Revelry production facility features a 30-barrel system and canning line that self-distributes throughout Northeast Ohio.

Categories: Beer Blogosphere News

Ends Soon: 15% Off Green or Black Thermapen Mk4 Thermometers – $84.15

Homebrew Finds - Mon, 02/27/2017 - 07:00
ThermoWorks is marking down their stellar Thermapen Mk4 (Mark 4) [First Looks] (in black and green) by 15% to $84.15.  This beats the last new unit sale by about $5. The Thermapen Mk4 boasts lots of great features including – auto rotating display, left or right hand use, auto off with intelligent, motion sensing sleep and […]
Categories: Beer Blogosphere News

Celis Brewery trademarks re-acquired ahead of upcoming Austin brewing facility

BeerPulse - Mon, 02/27/2017 - 06:57

[Press Release:]

(Austin, TX) – Austin, Texas is about to witness the rebirth of its first craft brewery with the resurrection of Celis Brewery, which was originally founded by Belgian brewer Pierre Celis in 1992. Christine Celis, Pierre’s daughter and partner in the original Celis Brewery, is restoring the family legacy with a new 22,000 square foot brewery in northwest Austin that is expected to start production in early Spring 2017.

The original Celis Brewery, which was located on Highway 290, became enormously popular introducing Texans to Belgian witbier, a refreshing style for the Texas heat. The brewery and “Celis” brand was later sold to Miller Brewing Company. In 2001, the brewery closed its doors, while the brand lived on under new ownership.

Now, the brand has found its way home with Ms. Celis having reacquired the “Celis” trademark from the then-current domestic and international rights owners, Total Beverage Solution (TBS) and Craftbev International Amalgamated., Inc.

“TBS is pleased to be able to help reunite the family with the brand,” says President and CEO of TBS, Dave Pardus.

Sushil Tyagi, President of Craftbev, who had originally acquired the Celis brand from Michigan Brewing Company and had retained international rights until now says, “We worked for years for this day to come when Celis is restored to its hometown and we look forward to helping further expand Celis beers around the world.”

“Rebuilding the Celis Brewery has been a labor of love that has taken me many years to accomplish,” says Ms. Celis. “We have a new location and new state-of-the-art brewing equipment, but will brew the same great Celis beers like the famous Celis Wit and Celis Grand Cru, to name a few. This new brewery has the capacity to brew more than 50,000 barrels per year, including Pierre Celis’ recipes from both the original Celis Brewery and his earlier days in Belgium. It’s an honor to carry on my family’s brewing legacy with my father’s original 1965 recipes using the proprietary yeast from Belgium.”

Celis Brewery will not only brew the original Belgian recipes, but it will do so with members of the brewing team from the original Celis Brewery. Led by Christine Celis, the team will include the master brewer and the Belgian brew engineer who designed the new brewery. Daytona Camps, daughter of Ms. Celis, will also join the brewing team.

A centerpiece of the original Celis Brewery, its massive copper kettle, was sold along with the original brewery and moved out of state. It has since made the journey back to Texas to be reunited with the family, and will be used as a beautiful bar in the new brewery’s taproom.

The new Celis Brewery is rapidly taking shape with the recent installation of a 50 HL Braukon brewing system. The packaging line and fermenters are scheduled to arrive later this month, while construction of the taproom continues. To preserve brewing history, Celis Brewery has shipped the historic brewing equipment used by Mr. Celis in Belgium to make his famous witbier. The equipment arrived in Austin in December 2016 and will be on display at the Celis Brewery in 2017.

Connect with Celis Brewery

Celis Brewery Website
Celis Brewery on Facebook
Celis Brewery on Twitter
Celis Brewery on Instagram

About Celis Brewery

Celis Brewery, founded by Christine Celis in Austin, Texas, brews Belgian-style ales and other beers, including the original witbier that Pierre Celis brewed in Hoegaarden. The brewery is an extension of the Celis family legacy and builds on the award-winning craft beer heritage for which the family is known.

Categories: Beer Blogosphere News

Celis Brewery trademarks re-acquired ahead of upcoming Austin brewing facility

BeerNews.org - Mon, 02/27/2017 - 06:57

[Press Release:]

(Austin, TX) – Austin, Texas is about to witness the rebirth of its first craft brewery with the resurrection of Celis Brewery, which was originally founded by Belgian brewer Pierre Celis in 1992. Christine Celis, Pierre’s daughter and partner in the original Celis Brewery, is restoring the family legacy with a new 22,000 square foot brewery in northwest Austin that is expected to start production in early Spring 2017.

The original Celis Brewery, which was located on Highway 290, became enormously popular introducing Texans to Belgian witbier, a refreshing style for the Texas heat. The brewery and “Celis” brand was later sold to Miller Brewing Company. In 2001, the brewery closed its doors, while the brand lived on under new ownership.

Now, the brand has found its way home with Ms. Celis having reacquired the “Celis” trademark from the then-current domestic and international rights owners, Total Beverage Solution (TBS) and Craftbev International Amalgamated., Inc.

“TBS is pleased to be able to help reunite the family with the brand,” says President and CEO of TBS, Dave Pardus.

Sushil Tyagi, President of Craftbev, who had originally acquired the Celis brand from Michigan Brewing Company and had retained international rights until now says, “We worked for years for this day to come when Celis is restored to its hometown and we look forward to helping further expand Celis beers around the world.”

“Rebuilding the Celis Brewery has been a labor of love that has taken me many years to accomplish,” says Ms. Celis. “We have a new location and new state-of-the-art brewing equipment, but will brew the same great Celis beers like the famous Celis Wit and Celis Grand Cru, to name a few. This new brewery has the capacity to brew more than 50,000 barrels per year, including Pierre Celis’ recipes from both the original Celis Brewery and his earlier days in Belgium. It’s an honor to carry on my family’s brewing legacy with my father’s original 1965 recipes using the proprietary yeast from Belgium.”

Celis Brewery will not only brew the original Belgian recipes, but it will do so with members of the brewing team from the original Celis Brewery. Led by Christine Celis, the team will include the master brewer and the Belgian brew engineer who designed the new brewery. Daytona Camps, daughter of Ms. Celis, will also join the brewing team.

A centerpiece of the original Celis Brewery, its massive copper kettle, was sold along with the original brewery and moved out of state. It has since made the journey back to Texas to be reunited with the family, and will be used as a beautiful bar in the new brewery’s taproom.

The new Celis Brewery is rapidly taking shape with the recent installation of a 50 HL Braukon brewing system. The packaging line and fermenters are scheduled to arrive later this month, while construction of the taproom continues. To preserve brewing history, Celis Brewery has shipped the historic brewing equipment used by Mr. Celis in Belgium to make his famous witbier. The equipment arrived in Austin in December 2016 and will be on display at the Celis Brewery in 2017.

Connect with Celis Brewery

Celis Brewery Website
Celis Brewery on Facebook
Celis Brewery on Twitter
Celis Brewery on Instagram

About Celis Brewery

Celis Brewery, founded by Christine Celis in Austin, Texas, brews Belgian-style ales and other beers, including the original witbier that Pierre Celis brewed in Hoegaarden. The brewery is an extension of the Celis family legacy and builds on the award-winning craft beer heritage for which the family is known.

Categories: Beer Blogosphere News

The Boston Beer Company reports 4th quarter 2016 results and performance trends

BeerPulse - Mon, 02/27/2017 - 06:36

[Press Release:]

(Boston, MA) – The Boston Beer Company, Inc. (NYSE: SAM) reported fourth quarter 2016 net revenue of $219.4 million for the 14-week fiscal period ended December 31, 2016, an increase of $4.2 million or 2% from the 13-week fourth quarter 2015 fiscal period, mainly due to an increase in shipments of 2%. Net income for the fourth quarter was $22.2 million, or $1.75 per diluted share, an increase of $6.1 million or $0.54 per diluted share from the fourth quarter of 2015. This increase was primarily due to the increase in net revenue and decreases in operating expenses that were only partially offset by decreased gross margin.

Earnings per diluted share for the 53-week fiscal period ended December 31, 2016 were $6.79, a decrease of $0.46, or 6%, from the comparable 52-week fiscal period in 2015. Net revenue for the 53-week period ended December 31, 2016 was $906.4 million, a decrease of $53.5 million, or 6%, from the comparable 52-week period in 2015.

Highlights of this release include:

Depletions decreased 1% for the fourth quarter and 5% for the full year.

Gross margin for the fourth quarter was 49.1% and for the full year 2016 was 50.7%, a decrease of 1.5 percentage points compared to the respective 2015 periods.

Advertising, promotional and selling expenses in the fourth quarter decreased $5.9 million or 9% compared to the fourth quarter of 2015 and decreased $29.4 million or 11% for the full year, primarily due to lower freight to distributors and lower media and point-of sale spending.

Year-to-date 2017 depletions through the six weeks ended February 11, 2017 are estimated by the Company to have decreased approximately 15% from the comparable weeks in 2016.

Full-year 2017 depletion and shipment change is now estimated between minus 7% and plus 1%, a decrease in the range from the previously communicated estimate of a change between minus low single digits and plus low single digits.

Based on current spending and investment plans, full year 2017 earnings per diluted share are estimated to be between $4.20 and $6.20, excluding the impact of the new Accounting Standard “Employee Share-Based Payment Accounting” (“ASU 2016-09”) which is effective for the company on January 1, 2017.

Jim Koch, Chairman and Founder of the Company, commented, “We are disappointed with our depletion trends in 2016, which have remained weak so far in 2017. These trends are affected by the general softening of the craft beer category and cider category and a more challenging retail environment with a lot of new options for our drinkers. 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, including a wave of new beers in all markets. We were particularly disappointed with the performance of the first of our new spring seasonal beers, Samuel Adams Hopscape. We are introducing later this month our second spring seasonal, Samuel Adams Fresh as Helles, a bright Helles lager with orange blossom and also releasing a refreshed Samuel Adams Rebel IPA, featuring a new packaging design and a new recipe with experimental hops that create a more tropical and piney IPA. We are also executing the national rollout of Rebel Juiced IPA in bottles and cans in the first quarter of 2017 to complement the national draft release in the fourth quarter of 2016. We believe that the history, authenticity and quality of the Samuel Adams brand, our unique beers, and our ability and willingness to continue to invest behind our brand position us well for future growth and we are committed to improving our current trends.”

Mr. Koch went on to say, “As previously announced, Martin Roper, President and Chief Executive Officer, plans to retire in 2018 after leading the Company for more than 17 years. The Board of Directors has created a search committee and retained Korn Ferry to assist in identifying and evaluating the best candidates to succeed Martin as CEO. Martin will remain fully engaged and committed to leading the business as CEO until a successor is found and a seamless transition is completed. We are appreciative that his continued commitment to Boston Beer affords us the time to conduct a comprehensive search for his successor, while continuing to make progress against our 2017 business objectives.”

Martin Roper, the Company’s President and CEO stated, “Fourth quarter depletions trends were driven by a decline in Samuel Adams, largely due to increased competition in the craft beer category, and by declines in Angry Orchard, mainly due to general weakness in the cider category. Partially offsetting these declines were the growth of Twisted Tea, which continues to grow distribution and pull, and the impact of the launch of Truly Spiked & Sparkling, which established itself as a leader in the emerging segment of hard sparkling water. During the quarter we also saw some early benefits of our cost savings initiatives. Thus far in 2017, we are seeing particular weakness in our Samuel Adams seasonal depletion trends due to the slow pull of our new seasonal beer, Samuel Adams Hopscape, which we believe is primarily due to executional misses, with the additional impact of the greater number of new options available to our drinkers at retail and general weakness in the seasonal sub-category. We are taking our learnings from Hopscape and applying them to our planned seasonal transitions to Fresh as Helles and then to Summer Ale in the second quarter. We like our new Samuel Adams packaging and our media advertising message, ‘Pursue Better’ and our plans for the summer. Angry Orchard and cider trends year to date are similar to the declines we saw in 2016. We are prioritizing returning the cider category and Angry Orchard to growth with a new media campaign and the first quarter national launch of Angry Orchard Easy Apple, an unfiltered refreshing hard cider that was well received in limited test markets last fall.”

Mr. Roper continued, “Our number one priority in 2017 is returning both Samuel Adams and Angry Orchard to growth through continued packaging, innovation, promotion and brand communication initiatives. Our brand and sales teams are conducting a comprehensive review of our core brand strategies and activation plans to ensure that all our investments are effective and efficient in building long-term brand equities. We will continue testing strategies and validating effectiveness, so that we can focus our investment on activities that turn around our trends. Our second priority is a focus on cost savings and efficiency projects to fund the investments needed to grow our brands. We have adjusted our organization to the new volume environment, including resizing short-term brewery capacity, and have implemented changes to our spending policies and behaviors. We are working to simplify and optimize our processes, and to improve ingredient and material yields across all our brands. Based on these efforts, we are maintaining our previously stated goal of increasing our gross margins by about one percentage point per year over the next three years, ignoring mix or volume impacts, while preserving our quality and improving our service levels. Our third priority is long-term innovation, where our current focus is ensuring that Truly Spiked & Sparkling maintains its leadership position in its segment and reaches its full potential.”

Mr. Roper went on to say, “Over the last 12 months we have rebuilt our Leadership team and realigned the organization. We have reoriented our brand and sales teams to better align with our opportunities and to provide brand leadership, and have improved our digital marketing and experiential promotion capabilities to support all our brands. I am very excited by the team’s progress on insights into our challenges and the urgency with which they have developed potential solutions and significant cost improvements to fund our planned investments. We believe we have strong brands in attractive categories and that the best long-term value creation is continued investment to return our brands to growth. With that perspective, we intend to maintain our planned brand investment levels, even as we have adjusted our volume guidance down to reflect the volume declines we have seen thus far in 2017. Our larger than usual guidance ranges reflect the uncertain volume outlook. Projecting full year depletions volumes and profitability will remain very difficult until we have better visibility into the success of our key initiatives after the second quarter. We are optimistic for future craft beer and cider category growth and we are taking steps to ensure that we are well positioned to benefit from that growth. We are committed to investing in reaction to the opportunity that we see with all our brands and remain prepared to forsake short-term earnings, as we invest to return to long-term profitable growth.”

4th Quarter 2016 Summary of Results

Depletions decreased by 1% for the fourth quarter of 2016, reflecting decreases in our Samuel Adams, Angry Orchard, Coney Island and Traveler brands that were only partially offset by increases in our Twisted Tea and Truly Spiked & Sparkling brands. The 2016 fiscal fourth quarter included 14 weeks compared to the 2015 fiscal fourth quarter, which included only 13 weeks.

Shipment volume was approximately 974 thousand barrels, a 2% increase over the fourth quarter of 2015.

The Company believes distributor inventory as of December 31, 2016 was at an appropriate level. Inventory as of December 31, 2016 at distributors participating in the Freshest Beer Program decreased in terms of days of inventory on hand when compared to December 26, 2015. The Company has approximately 77% of its volume on the Freshest Beer Program.

Gross margin of 49.1% decreased from 50.6% in the fourth quarter of 2015, primarily due to package and product mix effects and increased returns which were partially offset by price increases and cost saving initiatives in the Company breweries.

Advertising, promotional and selling expenses decreased $5.9 million compared to the fourth quarter of 2015, primarily due to decreases in point-of-sale costs, lower freight rates to distributors, and lower media advertising costs, supported by our initiatives to reduce inefficient and ineffective spend.

General and administrative expenses decreased by $2.9 million from the fourth quarter of 2015, primarily due to a favorable impact of $3.6 million in stock compensation related to the planned retirement of the Company’s Chief Executive Officer in 2018 partially offset by increases in salary and benefits costs.

The Company’s effective tax rate for the fourth quarter decreased to 34.9% from 37.9% in the fourth quarter of 2015. The higher 2015 rate was primarily due to the unfavorable tax rate impact of bonus depreciation, which was enacted during the fourth quarter of 2015.

Full Year 2016 Summary of Results

Depletions decreased by 5% for the full year of 2016, reflecting decreases in our Samuel Adams, Angry Orchard, Traveler and Coney Island brands that were only partially offset by increases in our Twisted Tea and Truly Spiked & Sparkling brands. The 2016 fiscal year included 53 weeks compared to the 2015 fiscal year, which included only 52 weeks.

Shipment volume was approximately 4.0 million barrels, a 6% decrease compared to fiscal 2015.

Gross margin of 50.7% decreased from 52.3% in the prior year, primarily due to package and product mix effects, unfavorable absorption impacts due to lower volumes in our breweries, and increased returns, which were partially offset by price increases and cost saving initiatives in the Company breweries.

Advertising, promotional and selling expenses decreased $29.4 million compared to those incurred in prior year, primarily due to decreases in freight to distributors due to lower volumes and rates, and lower media advertising and point-of-sale spending.

General and administrative expenses increased by $6.5 million compared to those incurred in prior year, primarily due to increases in salary and benefits and facilities costs.

The Company’s effective tax rate decreased slightly to 36.3% from the 36.5% rate in the prior year.

Full year 2016 capital spending totaled $49.9 million, primarily for continued investments in the Company’s breweries to drive efficiencies and cost reductions, support product innovation and further growth.

The Company expects that its cash balance of $91.0 million as of December 31, 2016, along with future operating cash flow and the Company’s unused line of credit of $150.0 million, will be sufficient to fund future cash requirements.

During the fourth quarter and the period from January 1, 2017 through February 17, 2017, the Company repurchased 275,000 shares of its Class A Common Stock for an aggregate purchase price of approximately $45.1 million. As of February 17, 2017 the Company had approximately $154.7 million remaining on the $781.0 million share buyback expenditure limit set by the Board of Directors.

2017 Outlook

The Company currently projects full year 2017 earnings per diluted share to be between $4.20 and $6.20, reflecting the uncertain volume outlook. The Company’s actual 2017 earnings per share could vary significantly from the current projection. The 2017 fiscal year includes 52 weeks compared to the 2016 fiscal year which included 53 weeks. Underlying the Company’s current 2017 projection are the following full-year estimates and targets:

Depletions and shipments percentage change of between minus 7% and plus 1%.
National price increases of between 1% and 2%.
Gross margin of between 51% and 52%. Increasing during the year due to progress on the cost initiatives.
Increased investment in advertising, promotional and selling expenses of between $20 million and $30 million. This does not include any changes in freight costs for the shipment of products to the Company’s distributors.
Effective tax rate of approximately 37%, excluding the impact of the new Accounting Standard ASU 2016-09, which is effective for the company on January 1, 2017. The Company is not currently planning to provide forward guidance on the impact that ASU 2016-09 will have on the Company’s 2017 financial statements and full-year effective tax rate as this will mainly depend upon unpredictable future events, including the timing and value realized upon exercise of stock options versus the fair value when those options were granted.
Estimated capital spending of between $40 million and $60 million, most of which relates to continued investments in the Company’s breweries.
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 31, 2016 and December 26, 2015. Copies of these documents may be found on the Company’s website, www.bostonbeer.com, or obtained by contacting the Company or the SEC.

Categories: Beer Blogosphere News

The Boston Beer Company reports 4th quarter 2016 results and performance trends

BeerNews.org - Mon, 02/27/2017 - 06:36

[Press Release:]

(Boston, MA) – The Boston Beer Company, Inc. (NYSE: SAM) reported fourth quarter 2016 net revenue of $219.4 million for the 14-week fiscal period ended December 31, 2016, an increase of $4.2 million or 2% from the 13-week fourth quarter 2015 fiscal period, mainly due to an increase in shipments of 2%. Net income for the fourth quarter was $22.2 million, or $1.75 per diluted share, an increase of $6.1 million or $0.54 per diluted share from the fourth quarter of 2015. This increase was primarily due to the increase in net revenue and decreases in operating expenses that were only partially offset by decreased gross margin.

Earnings per diluted share for the 53-week fiscal period ended December 31, 2016 were $6.79, a decrease of $0.46, or 6%, from the comparable 52-week fiscal period in 2015. Net revenue for the 53-week period ended December 31, 2016 was $906.4 million, a decrease of $53.5 million, or 6%, from the comparable 52-week period in 2015.

Highlights of this release include:

Depletions decreased 1% for the fourth quarter and 5% for the full year.

Gross margin for the fourth quarter was 49.1% and for the full year 2016 was 50.7%, a decrease of 1.5 percentage points compared to the respective 2015 periods.

Advertising, promotional and selling expenses in the fourth quarter decreased $5.9 million or 9% compared to the fourth quarter of 2015 and decreased $29.4 million or 11% for the full year, primarily due to lower freight to distributors and lower media and point-of sale spending.

Year-to-date 2017 depletions through the six weeks ended February 11, 2017 are estimated by the Company to have decreased approximately 15% from the comparable weeks in 2016.

Full-year 2017 depletion and shipment change is now estimated between minus 7% and plus 1%, a decrease in the range from the previously communicated estimate of a change between minus low single digits and plus low single digits.

Based on current spending and investment plans, full year 2017 earnings per diluted share are estimated to be between $4.20 and $6.20, excluding the impact of the new Accounting Standard “Employee Share-Based Payment Accounting” (“ASU 2016-09”) which is effective for the company on January 1, 2017.

Jim Koch, Chairman and Founder of the Company, commented, “We are disappointed with our depletion trends in 2016, which have remained weak so far in 2017. These trends are affected by the general softening of the craft beer category and cider category and a more challenging retail environment with a lot of new options for our drinkers. 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, including a wave of new beers in all markets. We were particularly disappointed with the performance of the first of our new spring seasonal beers, Samuel Adams Hopscape. We are introducing later this month our second spring seasonal, Samuel Adams Fresh as Helles, a bright Helles lager with orange blossom and also releasing a refreshed Samuel Adams Rebel IPA, featuring a new packaging design and a new recipe with experimental hops that create a more tropical and piney IPA. We are also executing the national rollout of Rebel Juiced IPA in bottles and cans in the first quarter of 2017 to complement the national draft release in the fourth quarter of 2016. We believe that the history, authenticity and quality of the Samuel Adams brand, our unique beers, and our ability and willingness to continue to invest behind our brand position us well for future growth and we are committed to improving our current trends.”

Mr. Koch went on to say, “As previously announced, Martin Roper, President and Chief Executive Officer, plans to retire in 2018 after leading the Company for more than 17 years. The Board of Directors has created a search committee and retained Korn Ferry to assist in identifying and evaluating the best candidates to succeed Martin as CEO. Martin will remain fully engaged and committed to leading the business as CEO until a successor is found and a seamless transition is completed. We are appreciative that his continued commitment to Boston Beer affords us the time to conduct a comprehensive search for his successor, while continuing to make progress against our 2017 business objectives.”

Martin Roper, the Company’s President and CEO stated, “Fourth quarter depletions trends were driven by a decline in Samuel Adams, largely due to increased competition in the craft beer category, and by declines in Angry Orchard, mainly due to general weakness in the cider category. Partially offsetting these declines were the growth of Twisted Tea, which continues to grow distribution and pull, and the impact of the launch of Truly Spiked & Sparkling, which established itself as a leader in the emerging segment of hard sparkling water. During the quarter we also saw some early benefits of our cost savings initiatives. Thus far in 2017, we are seeing particular weakness in our Samuel Adams seasonal depletion trends due to the slow pull of our new seasonal beer, Samuel Adams Hopscape, which we believe is primarily due to executional misses, with the additional impact of the greater number of new options available to our drinkers at retail and general weakness in the seasonal sub-category. We are taking our learnings from Hopscape and applying them to our planned seasonal transitions to Fresh as Helles and then to Summer Ale in the second quarter. We like our new Samuel Adams packaging and our media advertising message, ‘Pursue Better’ and our plans for the summer. Angry Orchard and cider trends year to date are similar to the declines we saw in 2016. We are prioritizing returning the cider category and Angry Orchard to growth with a new media campaign and the first quarter national launch of Angry Orchard Easy Apple, an unfiltered refreshing hard cider that was well received in limited test markets last fall.”

Mr. Roper continued, “Our number one priority in 2017 is returning both Samuel Adams and Angry Orchard to growth through continued packaging, innovation, promotion and brand communication initiatives. Our brand and sales teams are conducting a comprehensive review of our core brand strategies and activation plans to ensure that all our investments are effective and efficient in building long-term brand equities. We will continue testing strategies and validating effectiveness, so that we can focus our investment on activities that turn around our trends. Our second priority is a focus on cost savings and efficiency projects to fund the investments needed to grow our brands. We have adjusted our organization to the new volume environment, including resizing short-term brewery capacity, and have implemented changes to our spending policies and behaviors. We are working to simplify and optimize our processes, and to improve ingredient and material yields across all our brands. Based on these efforts, we are maintaining our previously stated goal of increasing our gross margins by about one percentage point per year over the next three years, ignoring mix or volume impacts, while preserving our quality and improving our service levels. Our third priority is long-term innovation, where our current focus is ensuring that Truly Spiked & Sparkling maintains its leadership position in its segment and reaches its full potential.”

Mr. Roper went on to say, “Over the last 12 months we have rebuilt our Leadership team and realigned the organization. We have reoriented our brand and sales teams to better align with our opportunities and to provide brand leadership, and have improved our digital marketing and experiential promotion capabilities to support all our brands. I am very excited by the team’s progress on insights into our challenges and the urgency with which they have developed potential solutions and significant cost improvements to fund our planned investments. We believe we have strong brands in attractive categories and that the best long-term value creation is continued investment to return our brands to growth. With that perspective, we intend to maintain our planned brand investment levels, even as we have adjusted our volume guidance down to reflect the volume declines we have seen thus far in 2017. Our larger than usual guidance ranges reflect the uncertain volume outlook. Projecting full year depletions volumes and profitability will remain very difficult until we have better visibility into the success of our key initiatives after the second quarter. We are optimistic for future craft beer and cider category growth and we are taking steps to ensure that we are well positioned to benefit from that growth. We are committed to investing in reaction to the opportunity that we see with all our brands and remain prepared to forsake short-term earnings, as we invest to return to long-term profitable growth.”

4th Quarter 2016 Summary of Results

Depletions decreased by 1% for the fourth quarter of 2016, reflecting decreases in our Samuel Adams, Angry Orchard, Coney Island and Traveler brands that were only partially offset by increases in our Twisted Tea and Truly Spiked & Sparkling brands. The 2016 fiscal fourth quarter included 14 weeks compared to the 2015 fiscal fourth quarter, which included only 13 weeks.

Shipment volume was approximately 974 thousand barrels, a 2% increase over the fourth quarter of 2015.

The Company believes distributor inventory as of December 31, 2016 was at an appropriate level. Inventory as of December 31, 2016 at distributors participating in the Freshest Beer Program decreased in terms of days of inventory on hand when compared to December 26, 2015. The Company has approximately 77% of its volume on the Freshest Beer Program.

Gross margin of 49.1% decreased from 50.6% in the fourth quarter of 2015, primarily due to package and product mix effects and increased returns which were partially offset by price increases and cost saving initiatives in the Company breweries.

Advertising, promotional and selling expenses decreased $5.9 million compared to the fourth quarter of 2015, primarily due to decreases in point-of-sale costs, lower freight rates to distributors, and lower media advertising costs, supported by our initiatives to reduce inefficient and ineffective spend.

General and administrative expenses decreased by $2.9 million from the fourth quarter of 2015, primarily due to a favorable impact of $3.6 million in stock compensation related to the planned retirement of the Company’s Chief Executive Officer in 2018 partially offset by increases in salary and benefits costs.

The Company’s effective tax rate for the fourth quarter decreased to 34.9% from 37.9% in the fourth quarter of 2015. The higher 2015 rate was primarily due to the unfavorable tax rate impact of bonus depreciation, which was enacted during the fourth quarter of 2015.

Full Year 2016 Summary of Results

Depletions decreased by 5% for the full year of 2016, reflecting decreases in our Samuel Adams, Angry Orchard, Traveler and Coney Island brands that were only partially offset by increases in our Twisted Tea and Truly Spiked & Sparkling brands. The 2016 fiscal year included 53 weeks compared to the 2015 fiscal year, which included only 52 weeks.

Shipment volume was approximately 4.0 million barrels, a 6% decrease compared to fiscal 2015.

Gross margin of 50.7% decreased from 52.3% in the prior year, primarily due to package and product mix effects, unfavorable absorption impacts due to lower volumes in our breweries, and increased returns, which were partially offset by price increases and cost saving initiatives in the Company breweries.

Advertising, promotional and selling expenses decreased $29.4 million compared to those incurred in prior year, primarily due to decreases in freight to distributors due to lower volumes and rates, and lower media advertising and point-of-sale spending.

General and administrative expenses increased by $6.5 million compared to those incurred in prior year, primarily due to increases in salary and benefits and facilities costs.

The Company’s effective tax rate decreased slightly to 36.3% from the 36.5% rate in the prior year.

Full year 2016 capital spending totaled $49.9 million, primarily for continued investments in the Company’s breweries to drive efficiencies and cost reductions, support product innovation and further growth.

The Company expects that its cash balance of $91.0 million as of December 31, 2016, along with future operating cash flow and the Company’s unused line of credit of $150.0 million, will be sufficient to fund future cash requirements.

During the fourth quarter and the period from January 1, 2017 through February 17, 2017, the Company repurchased 275,000 shares of its Class A Common Stock for an aggregate purchase price of approximately $45.1 million. As of February 17, 2017 the Company had approximately $154.7 million remaining on the $781.0 million share buyback expenditure limit set by the Board of Directors.

2017 Outlook

The Company currently projects full year 2017 earnings per diluted share to be between $4.20 and $6.20, reflecting the uncertain volume outlook. The Company’s actual 2017 earnings per share could vary significantly from the current projection. The 2017 fiscal year includes 52 weeks compared to the 2016 fiscal year which included 53 weeks. Underlying the Company’s current 2017 projection are the following full-year estimates and targets:

Depletions and shipments percentage change of between minus 7% and plus 1%.
National price increases of between 1% and 2%.
Gross margin of between 51% and 52%. Increasing during the year due to progress on the cost initiatives.
Increased investment in advertising, promotional and selling expenses of between $20 million and $30 million. This does not include any changes in freight costs for the shipment of products to the Company’s distributors.
Effective tax rate of approximately 37%, excluding the impact of the new Accounting Standard ASU 2016-09, which is effective for the company on January 1, 2017. The Company is not currently planning to provide forward guidance on the impact that ASU 2016-09 will have on the Company’s 2017 financial statements and full-year effective tax rate as this will mainly depend upon unpredictable future events, including the timing and value realized upon exercise of stock options versus the fair value when those options were granted.
Estimated capital spending of between $40 million and $60 million, most of which relates to continued investments in the Company’s breweries.
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 31, 2016 and December 26, 2015. Copies of these documents may be found on the Company’s website, www.bostonbeer.com, or obtained by contacting the Company or the SEC.

Categories: Beer Blogosphere News

Old Chicago Pizza & Taproom announces record revenue, 20 new locations

BeerPulse - Mon, 02/27/2017 - 06:08

[Press Release:]

(Broomfield, CO) – Old Chicago Pizza & Taproom, a leader in casual dining known for its vast craft beer selection, delicious handcrafted pizza and distinctive taproom fare, announced today it achieved record high system-wide revenue in 2016, reporting an 11 percent increase from 2015. Additionally, Old Chicago accelerated its national expansion efforts with the signing of 4 franchise development agreements that will bring 20 new locations to markets including Texas, Oklahoma, Arkansas, Missouri, Montana, Wyoming, Michigan and South Carolina.

“Despite the restaurant industry facing headwinds in 2016, Old Chicago experienced tremendous growth. Our success stems from the increasing demand for craft beer and our concept being known as a place that introduces consumers to regional, hyper local and exclusive craft beers,” said Mike Mrlik, president of Old Chicago Pizza & Taproom. “Our commitment to quality, innovative food and the unparalleled service we provide to our guests has also established Old Chicago as an industry leader and further positions the brand for aggressive nationwide growth in the year ahead.”

Old Chicago experienced record-breaking success in 2016 reporting ten consecutive quarters of positive transaction and average unit volume of $2.8 million, resulting in $263 million in system-wide revenue. Old Chicago also launched its new restaurant prototype in 2015 – a 5,000 square feet build with an additional 1,000 – 1,200 square feet of outdoor patio space, a new kitchen and upgraded bar technology. The continued rollout of this new prototype paired with Old Chicago’s on-going commitment to bringing the most expansive lineup of world-class craft beers through initiatives such as their Explorer Series has helped catapult the brand to its current level of success.

This year, Old Chicago has plans to develop nearly two-dozen new restaurants as part of its aggressive growth strategy to bring its expansive selection of craft beers, taproom classics and handcrafted pizza, to more cities across the country. Currently, the brand is targeting growth in markets such as Arizona, Florida, Georgia, Illinois, Indiana, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Ohio, South Dakota, South Carolina and Texas among others.

A growing brand with more than two decades of successful franchise partnerships, Old Chicago is an established multi-unit concept with proven processes to support franchisees with site selection, lease agreements, facility design, operational training and marketing. To fuel franchise growth, the company is seeking multi-unit operators with business, management and foodservice and/or restaurant experience, and a passion for and commitment to exceptional customer service. For information about franchise opportunities, visit www.ocfranchising.com.

About Old Chicago

Old Chicago Pizza & Taproom is a leader in the casual dining restaurant segment, specializing in the best local and regional craft beer, serving handcrafted pizza and distinctive taproom fair. Founded in 1976, the crave-able Old Chicago menu has played a complementary role to the vast craft beer selection, a concept differentiator to this day. With over 30 craft beers on tap, Old Chicago is also the home of the World Beer Tour, which rewards members for enjoying 110 of the best craft beers from across the globe. Old Chicago operates in 24 states with more than 109 restaurants nationwide. Visit www.oldchicago.com to learn more and to find the restaurant nearest you. For information about franchise opportunities, visit www.ocfranchising.com.

About CraftWorks

CraftWorks Restaurants & Breweries, Inc. is the largest craft brewery restaurant operator in the country with nearly 200 franchised and company-owned restaurants primarily operating under the Old Chicago Pizza & Taproom, Gordon Biersch Brewery Restaurants, Rock Bottom Restaurants & Breweries and ChopHouse & Brewery brands. As a leader in the craft beer focused casual dining segment, CraftWorks also operates strong regional brands, and employs more than 12,000 people throughout the U.S. All of CraftWorks’ restaurant brands have innovative menus with made-from-scratch food and a vast selection of unique craft beer, as well as unbeatable service and loyalty programs with over a million active members. Based in Broomfield, Colo., CraftWorks is not only committed to serving its loyal guests, but also the communities in which its restaurants operate. The CraftWorks Foundation has contributed millions of dollars, positively impacting communities throughout the country. For additional information about CraftWorks, the Foundation, and its restaurant brands, please visit www.craftworksrestaurants.com.

Categories: Beer Blogosphere News

Old Chicago Pizza & Taproom announces record revenue, 20 new locations

BeerNews.org - Mon, 02/27/2017 - 06:08

[Press Release:]

(Broomfield, CO) – Old Chicago Pizza & Taproom, a leader in casual dining known for its vast craft beer selection, delicious handcrafted pizza and distinctive taproom fare, announced today it achieved record high system-wide revenue in 2016, reporting an 11 percent increase from 2015. Additionally, Old Chicago accelerated its national expansion efforts with the signing of 4 franchise development agreements that will bring 20 new locations to markets including Texas, Oklahoma, Arkansas, Missouri, Montana, Wyoming, Michigan and South Carolina.

“Despite the restaurant industry facing headwinds in 2016, Old Chicago experienced tremendous growth. Our success stems from the increasing demand for craft beer and our concept being known as a place that introduces consumers to regional, hyper local and exclusive craft beers,” said Mike Mrlik, president of Old Chicago Pizza & Taproom. “Our commitment to quality, innovative food and the unparalleled service we provide to our guests has also established Old Chicago as an industry leader and further positions the brand for aggressive nationwide growth in the year ahead.”

Old Chicago experienced record-breaking success in 2016 reporting ten consecutive quarters of positive transaction and average unit volume of $2.8 million, resulting in $263 million in system-wide revenue. Old Chicago also launched its new restaurant prototype in 2015 – a 5,000 square feet build with an additional 1,000 – 1,200 square feet of outdoor patio space, a new kitchen and upgraded bar technology. The continued rollout of this new prototype paired with Old Chicago’s on-going commitment to bringing the most expansive lineup of world-class craft beers through initiatives such as their Explorer Series has helped catapult the brand to its current level of success.

This year, Old Chicago has plans to develop nearly two-dozen new restaurants as part of its aggressive growth strategy to bring its expansive selection of craft beers, taproom classics and handcrafted pizza, to more cities across the country. Currently, the brand is targeting growth in markets such as Arizona, Florida, Georgia, Illinois, Indiana, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Ohio, South Dakota, South Carolina and Texas among others.

A growing brand with more than two decades of successful franchise partnerships, Old Chicago is an established multi-unit concept with proven processes to support franchisees with site selection, lease agreements, facility design, operational training and marketing. To fuel franchise growth, the company is seeking multi-unit operators with business, management and foodservice and/or restaurant experience, and a passion for and commitment to exceptional customer service. For information about franchise opportunities, visit www.ocfranchising.com.

About Old Chicago

Old Chicago Pizza & Taproom is a leader in the casual dining restaurant segment, specializing in the best local and regional craft beer, serving handcrafted pizza and distinctive taproom fair. Founded in 1976, the crave-able Old Chicago menu has played a complementary role to the vast craft beer selection, a concept differentiator to this day. With over 30 craft beers on tap, Old Chicago is also the home of the World Beer Tour, which rewards members for enjoying 110 of the best craft beers from across the globe. Old Chicago operates in 24 states with more than 109 restaurants nationwide. Visit www.oldchicago.com to learn more and to find the restaurant nearest you. For information about franchise opportunities, visit www.ocfranchising.com.

About CraftWorks

CraftWorks Restaurants & Breweries, Inc. is the largest craft brewery restaurant operator in the country with nearly 200 franchised and company-owned restaurants primarily operating under the Old Chicago Pizza & Taproom, Gordon Biersch Brewery Restaurants, Rock Bottom Restaurants & Breweries and ChopHouse & Brewery brands. As a leader in the craft beer focused casual dining segment, CraftWorks also operates strong regional brands, and employs more than 12,000 people throughout the U.S. All of CraftWorks’ restaurant brands have innovative menus with made-from-scratch food and a vast selection of unique craft beer, as well as unbeatable service and loyalty programs with over a million active members. Based in Broomfield, Colo., CraftWorks is not only committed to serving its loyal guests, but also the communities in which its restaurants operate. The CraftWorks Foundation has contributed millions of dollars, positively impacting communities throughout the country. For additional information about CraftWorks, the Foundation, and its restaurant brands, please visit www.craftworksrestaurants.com.

Categories: Beer Blogosphere News

Ends Soon: American Made Eagle Cap-Off Mechanical Bottle Opener – 10% Off + Free Shipping

Homebrew Finds - Mon, 02/27/2017 - 06:00
The Eagle Cap-Off Mechanical Bottle Opener is a revival of an American classic manufactured nearly 70 years ago.  The folks behind Eagle Cap-Off have revived the company, Eagle Lock Company, and are manufacturing these according to the original design by hand in the US. I first reported about the Eagle Cap-Off during their successful Kickstarter […]
Categories: Beer Blogosphere News

Ends Soon: BYO Back Issues for just $1 + FREE Trial Issue of Brew Your Own Magazine

Homebrew Finds - Mon, 02/27/2017 - 05:00
Thanks to HBF Reader Chris for this tip!  [8 Ways to Connect with HBF] Brew Your Own Magazine offers a free trial issue of BYO Mag when you sign up for a year subscription.  As a bonus, if you use our link and choose to continue your subscription, you’ll be helping to support HBF.  Thanks in advance! […]
Categories: Beer Blogosphere News

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