E-Malt.com News article: Canada, AB: Big Rock Brewery incurs net loss of C$310 thousand in the quarter to March 31

Calgary-based Big Rock Brewery Inc. announced its financial results on May 12 for the quarter ended March 31, 2014.

A net loss of C$310 thousand for the quarter ended March 31, 2014 was incurred as compared to net income of C$92 thousand in the quarter ended March 31, 2013.

Reported sales volumes decreased 19.0% to 34,100 hectolitres for the first quarter of 2014 as compared to 42,098 hl for the first quarter of 2013.

Overall sales volumes were negatively impacted by aggressive and growing competition in the Alberta beer market, reduced promotional pricing activity, discontinuance or delay of certain package configurations and poor spring weather, the company said.

Volume growth occurred in premium-priced brands, including Fowl Mouth ESB-Big Rock's best-selling Brewmaster's Edition beer to date.

The company released four new limited edition beers in the first quarter and expects to release 25 additional limited edition products during the remainder of 2014.

Big Rock's new brewery in British Columbia is under construction, with expected production and sales in the third quarter of 2014.


14 May, 2014