Beer News
Beer related News and Events

Earnings roundup: MGM Mirage Boston Beer

Posted by admin | News | Posted on May 6th, 2008

The News Review:

- Earnings roundup: MGM Mirage Boston Beer
- Molson Coors credits 1Q net income jump to stronger beer sales in US…
- utlook roundup: Charles River Labs Boston Beer
- Cobra targets 20 mn beer cases in India by 2012
- Beer lover’s coffin in the shape of his brew
- Beer ads actor 42 admits to child porn
- DEDRICK: Secret’s out on brew

Earnings roundup: MGM Mirage Boston Beer
Motley Fool – May 6, 2008
said Tuesday the casino company planned to push ahead with new projects even after construction costs and an economy that is discouraging spending sent first-quarter profit tumbling 30 percent. BSTN (AP) _ Boston Beer Co. 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.

Molson Coors credits 1Q net income jump to stronger beer sales in US…
International Herald Tribune – May 6, 2008
one of the world's largest brewers on Tuesday reported a jump in first-quarter profit as its sales rose more than 10 percent on growth in its U. and Canadian businesses.

utlook roundup: Charles River Labs Boston Beer
Motley Fool – May 6, 2008
(AP) _ Medical researcher Charles River Laboratories International Inc. on Monday backed its previous 2008 guidance after posting strong first-quarter results. BSTN (AP) _ Boston Beer Co. which brews Sam Adams-brand beers said Tuesday costs and lost sales associated with a recall of glass bottles in April will lead to lower-than-expected profit in 2008.

Cobra targets 20 mn beer cases in India by 2012
Hindu – May 6, 2008
The company has earmarked around 100 million dollars for its expansion plans in India and a major portion of this would be spent on acquisitions. “In order to achieve the target of 20 million cases in the next four years we are looking for acquiring three more breweries in India” Cobra Beer Chairman Karan Bilimoria told PTI. Presently the company has around nine breweries in the country with the capacity of about five million cases per annum. It has chalked out plans to double the capacity to 10 million cases in the next four years.

Beer lover’s coffin in the shape of his brew
NEWS.com.au – May 6, 2008
story-share –> AN American man loves beer so much that he has had a coffin made to look like a can of his favourite brew. Bill Bramanti ordered the casket from a funeral home in Chicago Heights and a local sign company designed the outside to look like a can of Pabst Blue Ribbon beer in its signature colours of red white and blue. "I actually fit because I got in here" said Mr Bramanti of South Chicago Heights. The 67 year old is not sick however and doesn’t plan on needing the coffin any time soon. Instead he threw a party for friends and filled his coffin with ice and his favourite beer.

Beer ads actor 42 admits to child porn
Toronto Star – May 6, 2008
Robert Smith 42 changed his not-guilty plea after his defence lawyer Cindy Wasser abandoned a constitutional challenge of the search warrant used by police to obtain Smith’s subscriber information from the Internet service provider as well as the warrant executed at his home in North Toronto. Asked by Justice Robert Clark if he came to the decision without being pressured Smith responded clearly "Yes your honour. "The actor was featured in TV ads for Alexander Keith’s India Pale Ale that were taken off the air after his arrest on Feb.

DEDRICK: Secret’s out on brew
Rocky Mountain News – May 6, 2008
‘ That was the start of this whole thing” Goeler said. Michelob Dunkel Weisse should arrive on store shelves in late September. * The shortage of hops – that crucial flower that gives beer its spice – has made for tense times at smaller craft brewers. Reconfirming its roots as a craft brewer the Boston Beer Co. recently freed up a portion of its hop supplies and offered them to brewers in danger of not finding – or not being able to afford – enough of their own. A lottery determined the lucky recipients including Denver’s Bull & Bush. The Cherry Creek brewpub gets two 88-pound boxes of Tettnang Tettnanger hops – enough to go into a year’s worth of its pilsner – at Boston Beer’s cost $5… Michelob Dunkel Weisse should arrive on store shelves in late September. * The shortage of hops – that crucial flower that gives beer its spice – has made for tense times at smaller craft brewers. Reconfirming its roots as a craft brewer the Boston Beer Co. recently freed up a portion of its hop supplies and offered them to brewers in danger of not finding – or not being able to afford – enough of their own. A lottery determined the lucky recipients including Denver’s Bull & Bush. The Cherry Creek brewpub gets two 88-pound boxes of Tettnang Tettnanger hops – enough to go into a year’s worth of its pilsner – at Boston Beer’s cost $5.