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The Beer Blog

Boston Beer profits rise in third quarter

By Rick Published: November 3, 2011

Boston Beer Co., which brews Samuel Adams beer and has a brewery in Cincinnati, said this week that its profit grew in the third quarter as shipments increased, the Associated Press reported. The company reported net income of $16.3 million, or $1.19 a share, for the three months ended Sept. 24. That compares with net income of $15.4 million, or $1.09 a share, in the comparable period last year. Net revenue surged 8 percent to $134.8 million from $124.5 million a year earlier, driven by a 7 percent gain in shipment volume. "We are happy with the health of our brand portfolio and remain positive about the future of craft beer," said Jim Koch, chairman and founder. To read the full story, click here.

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