E-Malt.com News article: USA, NC: Appalachian Mountain Brewery, Inc. announced increase of Q3 revenue by 77%

Appalachian Mountain Brewery, Inc. (AMB) announced 3rd Quarter revenue increased significantly and was up 38 % to $266,283 compared to 2nd Quarter 2014 at $192,450, Globe Newswire reported on November, 17.

Revenue increased by 77% to $266,283 for Q3 2014 versus $150,703 for Q3 2013. AMB's gross margin improved during the 3rd Quarter to 76% as a result of higher sales and effective cost controls vs. 39.6% in the 2nd Quarter of 2014. "The 2nd and 3rd Quarter's of 2014 were particularly strong due to increased customer traffic at our taproom, a robust economy, successful launch of Farm To Flame, tourism in the High Country, new strategic alliances and the soft launch of our self-distribution program being head up by our new Sales Manager, Michael Schriber", said Sean Spiegelman, CEO of Appalachian Mountain Brewery, Inc.

With 2013 Craft Beer Sales up 17.2% in the US to $14.3 bln and overall US beer sales down 1.9% at $100 bln, there is a growing trend of consumers choosing a more distinctive individualistic approach to drinking beer. Considering less than 1 in 10 beers consumed in the US is craft and the current change taking place of more and more consumers drinking craft, the Craft Beer Industry outlook is positive. Appalachian Mountain Brewery has positioned itself to continue its growth track by increasing beer capacity, expanding "Farm To Flame" its wood fired food service, and bring online its wholly-owned subsidiary Hard Mountain Cider in Q4 2014. Along with its recent success AMB continues to maintain its integrity by supporting its community through philanthropy, volunteerism, and sponsorship of events.


19 November, 2014