1 hr ago | WCSH-TV Portland
“More so the small guys than the larger ones because they have economies to scale, but all across the board nationally, brewers have had to raise their prices”
Customers are paying more for their favorite beers, but they don't seem to mind. via WCSH-TV Portland
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Beer Forum & Polls5 hrs ago | KHOG-TV Fort Smith
Celebrate Diversity During Craft Beer Week
“In addition to being recognized for making world-class beer, independent craft brewers are amazing community citizens”
The next time you pop the cap off a bottle of craft beer, think of that unmistakable "pfft!" as a loud and proud declaration of American independence. via KHOG-TV Fort Smith
10 hrs ago | BreakingNews.ie
Diageo to lay off 250 workers at Irish breweries
“Diageo values enormously the contribution of our staff to our business and we recognise the impact this proposal would have on employment levels”
The company that owns Guinness has announced plans to lay off 250 workers as part of a restructuring of its Irish operations. via BreakingNews.ie
14 hrs ago | The News Tribune
Beer: Cold, foamy and recession-resistant
“Some brands look downright robust in (the) weaker economy”
Hammering out a note to investors late last year, Wachovia analyst Jonathan Feeney decided to dispense some philosophical knowledge. via The News Tribune
18 hrs ago | Boston Business Journal
Sam Adams recall hangover hits Boston Beer Co. earnings
“We achieved 12 percent depletions growth in the first quarter over a very strong first quarter last year”
Boston Business Journal - by Naomi R. Kooker The Boston Beer Company Inc. took a hit on first-quarter earnings after it issued a voluntary recall. via Boston Business Journal
23 hrs ago | The Boston Globe
Carlsberg says it swung to 1Q loss
Carlsberg A/S said Wednesday it swung to a net loss in the first quarter mainly on the back of costs related to its acquisition of Scottish & Newcastle, which it bought together with Dutch rival Heineken N.V. ... via The Boston Globe
Yesterday | The Associated Press | Posted by The Associated Press
InBev profit drops on rising costs
InBev SA, the brewer of Stella Artois and Beck's, posted an unexpected 11 percent drop in its first-quarter profit on Thursday, blaming rising costs for ingredients and shipping and weak sales in Brazil, where it does half its business.
The company said its costs for raw materials such as malt, rice and hops have been rising, and that they have driven InBev to raise beer prices in many of the regions where it operates.
It also noted the latest results were being compared with strong earnings a year ago. Read more
Yesterday | The Globe and Mail
Molson Coors profit surges in quarter
“We are very pleased with our first-quarter results, which reflect continued strong momentum”
Tuesday reported a 10.4 per cent rise in first-quarter net sales to $1.36-billion as volume grew 2.8 per cent to 10.7 million hectolitres. via The Globe and Mail
Tuesday | pdxbeer.blogspot.com | Posted by Brookston
Seattle's Baron Brewing Announces Grimm Brothers Series
Baron Brewing in Seattle has announced their Seven Swabians Eisbock Release Party, Bottle Sale and BBQ at the brewery to kick off the Grimm Brothers Series of extreme brews.
Tuesday | www.prnewswire.com | Posted by Brookston
Boston Beer Reports First Quarter 2008 Depletion Growth of 12% Glass Recall Produces Net Loss
The Boston Beer Company, Inc. reported a net loss for the quarter of $3.7 million, a decrease of $9.5 million compared to net income in the first quarter of last year, ...
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