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May 17, 2022

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Craft Brew Alliance reports loss of $6.9 million in fourth quarter

The Columbian
Published:

PORTLAND — Craft Brew Alliance Inc. (BREW) on Wednesday reported a loss of $6.9 million in its fourth quarter.

On a per-share basis, the Portland-based company said it had a loss of 36 cents. The brewer that makes craft beers like Kona, Widmer Brothers and Redhook posted revenue of $40.7 million in the period. Its adjusted revenue was $38.3 million.

For the year, the company reported a loss of $12.9 million, or 66 cents per share, swinging to a loss in the period. Revenue was reported as $193 million. Craft Brew Alliance shares have dropped 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.73, a fall of 2 percent in the last 12 months.

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