PORTLAND, Ore. & NEW YORK--(BUSINESS WIRE)-- Today, Craft Brew Alliance (“CBA”) (Nasdaq: BREW) and Anheuser-Busch (“A-B”) announced that they have entered into an agreement with the United States Department of Justice that is an important next step toward the closing of the proposed expanded partnership between CBA and A‑B. The companies’ agreement with the U.S. Department of Justice comes after CBA shareholder approval of the proposed expanded partnership and CBA and A-B’s decision to sell CBA’s Kona Brewing operations in Hawaii to PV Brewing Partners. This press release features multimedia. ...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, reported financial results for the second quarter and six months ended June 30, 2020 in a Form 10-Q filed with the Securities and Exchange Commission today. Our second quarter performance reflects the continued impacts of the ongoing global pandemic, which forced the shut-down of on-premise bars and restaurants, including our brewpubs, for most of the quarter. Against this backdrop, we grew total company packaged shipments 13% over the second quarter last year, driven by strong growth among our core b...
NEW YORK & PORTLAND, Ore.--(BUSINESS WIRE)-- As the two brewing companies work toward completing the expansion of their successful 25-year relationship, (“CBA”) (Nasdaq: BREW), and Anheuser-Busch (“A-B”) today announced an update to their in which A-B agreed to purchase the remaining CBA shares it does not already own. To expedite the regulatory review process and alleviate potential regulatory concerns regarding the proposed expanded partnership, CBA and A-B have agreed to the purchase of CBA’s Kona Brewing operations in Hawaii by PV Brewing Partners (“PV Brewing”), a team of investors with...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, reported financial results for the first quarter ended March 31, 2020 in a Form 10-Q filed with the Securities and Exchange Commission today. While our first quarter was impacted by the current global COVID-19 pandemic, most notably with the closure of our brewpubs to on-site guests and significantly reduced demand for draft beer, we quickly adapted and tightly managed our spend to directly address those impacts. These efforts contributed to earnings per share of $0.03, a $0.41 improvement over the fi...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW) announced today that, in light of continuing public health concerns related to the COVID-19 pandemic, its Annual Meeting of Shareholders will be held on May 29, 2020 in virtual format only. Additionally, following updated guidance issued by the Securities and Exchange Commission on April 7, 2020, CBA will mail only a Notice of Access card to shareholders of record, rather than full sets of proxy materials. The Notice of Access will include information on where to view all meeting materials online, including CBA’s 2019 Annual Report to S...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, today reported financial results for the full year and fourth quarter ended December 31, 2019 in a Form 10-K filed with the Securities and Exchange Commission. Highlights for the year include continued strong growth for portfolio cornerstone Kona, which increased domestic depletions and shipments by 5% over 2018, combined with the proposed expansion of CBA’s long-term partnership with Anheuser-Busch (“A-B”), , through which A-B agreed to purchase the remaining CBA shares it does not already own in a mer...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, today announced it will report fourth quarter and full-year 2019 financial results on Wednesday, March 11, 2020 after market close. CBA will also file its annual report on Form 10-K with the Securities and Exchange Commission concurrently. Due to the , CBA will not hold an earnings conference call and is suspending the practice of providing forward-looking guidance. About Craft Brew Alliance Craft Brew Alliance (CBA) is a leading craft brewing company that brews, brands, and brings to market world-c...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA” or the “Company”) (Nasdaq: BREW), a leading craft brewing company, announced that its shareholders voted at a special meeting of shareholders (the “Special Meeting”) held today to adopt the agreement, , that will create an expanded partnership between CBA and Anheuser-Busch Companies, LLC (“A-B”), with A-B agreeing to purchase the remaining CBA shares it does not already own in a merger transaction for $16.50 per share, in cash. “On behalf of CBA’s Board of Directors and executive team, I would like to thank our shareholders for their overwhelming su...
MIAMI--(BUSINESS WIRE)-- , (“CBA”) (Nasdaq: BREW), a leading craft brewing company, announced today the launch of La Rubia Blonde Ale in New York and Connecticut. The expansion builds on La Rubia’s robust double-digit growth to date and will be focused on connecting the beer’s easy-drinking style and authentic brand story rooted in family with Hispanic consumers in key markets. This press release features multimedia. View the full release here: La Rubia Blonde Ale Says “Bievenidos Al Nuevo Latin Flavor” to New York and Connecticut (Graphic: Business Wire) Created by father and son duo Luis Br...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, today reported financial results for the third quarter and year to date ended September 30, 2019. CBA will hold . During the call, CBA management will also share high-level comments on the recently announced transaction with Anheuser-Busch (A-B). CBA and A-B Expanded Partnership On November 11, 2019, , with A-B agreeing to purchase the remaining CBA shares it does not already own in a merger transaction for $16.50 per share, in cash. The transaction is subject to customary closing conditions, includ...
NEW YORK & PORTLAND, Ore.--(BUSINESS WIRE)-- Today, Craft Brew Alliance (“CBA”) (Nasdaq: BREW), a Portland-based brewing company that creates world-class craft beers, and Anheuser-Busch (“A-B”) jointly announced an agreement to expand their partnership, with A-B agreeing to purchase the remaining CBA shares it does not already own in a merger transaction for $16.50 per share, in cash. “Today’s announcement represents an exciting next step in a long and successful partnership with Anheuser-Busch, whose support for the growth of our business and brands traces back over 25 years,” said Andy Tho...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, will hold a question and answer conference call for the third quarter ended September 30, 2019 on Wednesday, November 13, 2019 at 11:30 a.m. ET. Chief Executive Officer Andy Thomas , Chief Financial and Strategy Officer Christine Perich, Chief Operating Officer Scott Mennen, and Chief Marketing Officer Ken Kunze will discuss financial results and provide an update on CBA’s business. CBA will publish its third quarter and year-to-date financial results and file a Form 10-Q with the Securities and Exchang...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW) today announced it is maintaining full-year 2019 guidance with the exception of shipments and depletions. While shipments for portfolio anchor Kona Brewing Co. were up 10% in the first half of the year, significant retailer out-of-stock issues in key markets negatively impacted second quarter depletions and go-forward shipments. Additionally, lower-than-planned contract brewing shipments are continuing to dampen volume growth. As a result of these impacts, CBA is adjusting its shipments and depletions range downward to between flat and ...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW) will hold an investor conference call on Thursday, September 5, 2019 at 11:00 a.m. ET to discuss its go-forward business strategy and update full-year 2019 guidance. The public is invited to listen to a live webcast of the conference call on the Investors section of CBA’s website at . Approximately two hours following the conference call, an archived webcast will be available at the same site and will remain available until the next earnings call. Interested parties may participate in the live conference via telephone by dialing (87...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, confirmed today that Anheuser-Busch (“A-B”) has not made a qualifying offer to purchase the remaining shares of the Company as indicated in the 2016 International Distribution Agreement. With the expiration of the qualifying offer deadline defined in that agreement, A-B has confirmed it will be making a $20 million one-time incentive payment today. CBA’s existing Master Distribution Agreement remains intact through 2028, and the existing Contract Brewing Agreement and International Distribution Agreemen...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, today reported financial results for the second quarter and year to date ended June 30, 2019. Financial and operational highlights for the second quarter include: Kona depletions grew 8%, driving a total CBA depletions increase of more than 1% over the second quarter in 2018. An 11% increase in Kona shipments contributed to an overall 4.4% increase in owned beer shipments. Core beer sales increased 2.7% over the second quarter in 2018. Beer gross margin expanded 220 basis points to a record 41....
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, will hold a question and answer conference call for the second quarter ended June 30, 2019 on Thursday, August 8, 2019 at 8:30 a.m. PT (11:30 a.m. ET). Chief Executive Officer Andy Thomas, Chief Financial and Strategy Officer Christine Perich, Chief Operating Officer Scott Mennen, and Chief Marketing Officer Ken Kunze will discuss the Company’s financial results and summarize the quarterly report on Form 10-Q to be filed with the Securities and Exchange Commission after the market close on August 7, 201...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, published its , highlighting the company’s 2018 accomplishments in environmental and community stewardship and ongoing commitment to brewing and packaging its beers in the most sustainable way possible. For this year’s report, CBA is incorporating certain metrics using standards set forth by the Sustainability Accounting Standards Board (SASB), an independent organization that facilitates communication between companies and investors on the financial impacts of sustainability. This press release feature...
PORTLAND, Ore.--(BUSINESS WIRE)-- (“CBA”) (Nasdaq: BREW), a leading craft brewing company, reported strong financial results for the first quarter ended March 31, 2019, including: Total shipments grew 1.5% over the first quarter in 2018, which includes a 10% increase in shipments for Kona and a collective 13% increase in total shipments for newly acquired brands Appalachian Mountain Brewery, Cisco Brewers, and Wynwood Brewing. Core beer sales increased more than 3%, driven by increased shipment ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.