Craft Brew Alliance (CBA), an independent craft brewing company, has reported 6% increase in its net sales compared to net sales of 2012.
The growth is driven by the strength of Kona Brewing, Redhook Brewery and Omission brands and repositioning of Widmer Brothers brand.
It has also reported 8% increase in owned brands shipment, driven by the growth of their complimentary craft beer portfolio.
However, the American beer maker has posted 40% decline in contract brewing revenues compared to 2012. This is due to the termination of certain contract brewing contracts in late 2012.
CBA chief executive officer Andy Thomas said that he is proud of the record growth in sales and brand momentum that they achieved.
"Additionally, with our plans to expand our brewing capability in the Southeast, along with CBA's new leadership team, I look forward to seeing us continue to build on our successes and deliver both strong topline and bottom line growth for the full year," Thomas added
