Archive for Stock Market
Boston Beer Company increased sales in the Second Quarter of 2008
Boston Beer posts profit jump as sales increase
BOSTON - The Boston Beer Co., the Sam Adams brewer, posted a 25 percent rise in second-quarter profit, due in part to higher sales of craft beers.
For the quarter ended June 28, the company earned $8.5 million, or 60 cents per share. That was up from $6.8 million, [...]
Anheuser-Busch settles for 52 Billion in InBev deal
The rumor is no longer a rumor and almost a done deal. Personal, when I shared this rumor within the last few months, I thought that it would stay just that — a rumor. I do not have any personal interest in this deal, but I’ve had a weird feeling in my stomach about this deal.
As you [...]
InBev to jump InBed with A/B?
A report released today from the Associated Press in London indicates that European brewing giant InBev may be working on a $46 billion dollar bid for Anheuser-Busch. Following suit, this would mark the third and final of the big three American Brewers to consolidate with a foreign owned brewer (Coors joined with Molson and [...]
First Quarter Profit for Molson - Coors
Molson Coors 1Q profit rises on stronger beer sales
DENVER — Molson Coors Brewing Co., one of the world’s largest brewers, today reported a jump in first-quarter profit as it sold more beer and boosted overall net sales 10.4 percent despite higher costs.
The results were released as the Denver-based company works on a plan to combine [...]
First Quarter Losses for Boston Beer Company
Boston Beer swings to 1st-quarter loss on recall costs
BOSTON - Boston Beer Co. Inc., which brews Sam Adams-brand beers, said Tuesday it swung to a loss in the first quarter, due to costs and lost sales stemming from a recall of some of its glass bottles last month.
For the quarter ended March 29, the company [...]
Pyramid Breweries stock dives 23 percent
Friday, March 7, 2008
Pyramid Breweries stock dives 23 percent
Puget Sound Business Journal (Seattle)
Pyramid Breweries Inc. officials said they lost market share in the state of Washington in the fourth quarter, calling the West Coast craft beer market “softening.”
Company officials said that in response to disappointing fourth-quarter earnings, they plan layoffs of 11 percent of the [...]
What time is the party?
Just stumbled upon the following story and wanted to share.
Sean
When you’re Bill Gates, you’ve gotta party just as hard as you work. And you’ve got to invest just was hard as you party. Maybe that’s why Bill Gates just invested $392 million in Mexico’s second largest brewer, Femsa. You know them as the company that [...]
Good News for Microbrew fans..
Ian stumbled upon this article today… It’s rather long, but this is good news for Microbreweries.
GROCERY: Beer: Honing the craft
The craft beer segment is a prominent growth driver, but grocers need to decide where it fits in a larger category strategy.
By Dan Motelet
AUGUST 01, 2007 — Craft beers have grown so much in popularity that [...]
Interesting news on The Rolling Rock front
We discovered this article a few weeks ago, but I didn’t get a chance to post this. Even though Rolling Rock isn’t a microbrew, it’s still interesting that $$ is being invested in the industry.
Enjoy!
Sean
p.s. Rolling Rock was one of my go to beers back in the day. It’s good to see the brewery reopening [...]
