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CRAFT BREW ALLIANCE, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 5, 2020. Its latest SEC filing is a SC 13G/A from Feb 12, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Brews craft beers, ciders and hard seltzers, distributing them through wholesalers to retailers and selling directly to beer drinkers at brewpubs.

How Did They Make Money?

Wholesalers buy its beer when products are delivered; contract-brewing customers buy beer when it ships, and brewpub customers buy beer and merchandise at the sale. It also earns international distribution fees over the contract term and royalties tied to product sales.

revenue

Who Were Their Customers?

The company sells packaged beer to wholesalers in the A-B network, which supply retailers such as restaurants, bars, liquor stores and supermarkets. It also sells beer and merchandise directly to customers at its brewpubs and breweries.

Did Revenues Turn Into Profits?

No. It lost $12.9M in .

Operating income,
−9% of revenue
▼ Now a loss vs ($5.8M, 3%)
Net income,
−7% of revenue
▼ Now a loss vs ($4.1M, 2%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▼ −18%
vs $60.6M in Q2 FY2019
Net income
▼ −84%
vs $2.6M in Q2 FY2019
  • Oct 7, 2020 Sold Kona Brewery to PV Brewing Partners Buyer acquired all membership interests in Kona Brewery LLC.
  • Sep 30, 2020 Anheuser-Busch completed its merger with CBA CBA became a wholly owned subsidiary of ABC, and its shares were delisted from Nasdaq.

Held flat. Revenue was $193M in , about the same as the $204.2M of .

Partner brands became owned brands Appalachian Mountain Brewery, Cisco Brewers and Wynwood Brewing moved from strategic partnerships into CBA's owned-brand portfolio after CBA acquired them.

Hard seltzers added The older report describes craft beers and ciders; the latest report also includes hard seltzers in the product range.

Who Did They Compete With?

Competes with Constellation Brands and A-B

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