{"id":608,"date":"2008-08-10T11:48:14","date_gmt":"2008-08-10T15:48:14","guid":{"rendered":"http:\/\/www.2beerguys.com\/blog\/?p=608"},"modified":"2008-08-10T11:48:14","modified_gmt":"2008-08-10T15:48:14","slug":"boston-beer-company-increased-sales-in-the-second-quarter-of-2008","status":"publish","type":"post","link":"http:\/\/2beerguys.com\/blog\/2008\/08\/10\/boston-beer-company-increased-sales-in-the-second-quarter-of-2008\/","title":{"rendered":"Boston Beer Company increased sales in the Second Quarter of 2008"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/2beerguys.com\/images\/samadams.gif\" alt=\"Sam Adams\" hspace=\"10\" vspace=\"10\" align=\"left\" \/><br \/>\n<strong>Boston Beer posts profit jump as sales increase<\/strong><\/p>\n<p>BOSTON &#8211; 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.<\/p>\n<p>For the quarter ended June 28, the company earned $8.5 million, or 60 cents per share. That was up from $6.8 million, or 14 cents per share, in the same quarter last year, when the brewer wrote off $3.4 million in costs related to a new brewery in Freetown.<\/p>\n<p>Revenue during the second quarter of 2008 revenue rose by 26 percent to $117.4 million.<\/p>\n<p>Boston Beer (nyse: SAM &#8211; news &#8211; people ) said sales of cases to retailers rose by 8 percent for the quarter, and that pricing has increased about 5 percent year to date.<\/p>\n<p>Growth in case sales &#8220;slowed slightly in the first half of the summer, but we still appear to be growing our share within the craft beer category,&#8221; said Chairman Jim Koch. &#8220;We are encouraged by our position and remain positive about the future of craft beer, even as the craft category has raised pricing in the face of significant cost pressures.&#8221;<\/p>\n<p>In April, Boston Beer voluntarily recalled certain glass bottles after grains of glass were found in some. Costs related to the recall amounted to $20.6 million in the second quarter, up from the previously announced $15 million.<\/p>\n<p>Boston Beers shares closed up 13 cents at $43.83 on Tuesday.<\/p>\n<p><a onclick=\"javascript:pageTracker._trackPageview('\/outgoing\/www.forbes.com\/feeds\/ap\/2008\/08\/05\/ap5292639.html');\"  href=\"http:\/\/www.forbes.com\/feeds\/ap\/2008\/08\/05\/ap5292639.html\">Link to article.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Beer posts profit jump as sales increase BOSTON &#8211; 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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":7452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[77,92,21,93],"tags":[2049,296,38],"jetpack_featured_media_url":"http:\/\/2beerguys.com\/blog\/wp-content\/uploads\/2013\/01\/samadams2.gif","_links":{"self":[{"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/posts\/608"}],"collection":[{"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/comments?post=608"}],"version-history":[{"count":3,"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/posts\/608\/revisions"}],"predecessor-version":[{"id":624,"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/posts\/608\/revisions\/624"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/media\/7452"}],"wp:attachment":[{"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/media?parent=608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/categories?post=608"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/2beerguys.com\/blog\/wp-json\/wp\/v2\/tags?post=608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}