A&W Revenue Royalties Income Fund Announces Third Quarter 2014 Results - Yahoo Finance
Both Blue Jacketsfan Kevin Schroeder and the Labatt Bear were in attendance. Schroeder celebrated by taking off his shirt to dance and pour beer all over himself. The bear then joined in and they freaked and turned down the whats and really seemed to enjoy each others company. [ Bro Bible / Uproxx ]
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SABMiller beer sale trend worsens in second quarter - Yahoo News
View photo A bartender pours Haywards 5000 strong beer, a product of SABMiller, into a glass at a restaurant in By Martinne Geller LONDON (Reuters) - Poor summer weather in China hit SABMiller's lager sales in the second quarter, though higher prices and a jump in soft drink sales helped boost revenues at the world's second biggest beer maker. The brewer of lagers such as Peroni and Miller Lite has been trying to offset sluggish growth in developed markets with cost cuts, marketing drives and acquisitions, while also putting more emphasis on soft drink sales in emerging markets. Its strategy is the subject of great interest after an approach to buy Dutch rival Heineken was rebuffed last month, breathing life into long-running speculation SAB could soon be a target for the biggest brewer Anheuser Busch InBev. SAB said overall revenues rose 3 percent in the three months to the end of September, though the volume of beer sold fell 3 percent, a reversal for its core, high-margin business after a 1 percent increase in the first quarter. Including soft drinks, such as the ones SAB sells for Coca-Cola, total drinks volume was down 1 percent in the second quarter, with a 9 percent rise in soft drinks partly offsetting the decline in beer sales. Soft drinks account for 20 percent of SABMiller's sales volumes, but are far less profitable than beer. "We wonder whether the underperformance of lager versus soft drink volumes will translate into margin pressure when first-half results are reported on Nov. 13," said James Edwardes Jones, an analyst at RBC Capital Markets. In the Asia Pacific region, overall drinks volume fell 8 percent in the second quarter. Beer volume in China "declined markedly" during July and August because poor weather in most of the central provinces meant people drank less lager. Total drinks volume in the second quarter also declined 2 percent in North America and 1 percent in Europe. It rose 5 percent in Latin America and 4 percent in Africa. RBC analyst Edwardes Jones said there was "no sign here of the gradually improving trend we expect for the sector as a whole over the second half of 2014". WEATHER AND CURRENCIES Chief Executive Alan Clark called the results "resilient," though they trailed estimates from some analysts such as Barclays, which expected lager volumes to fall just 1.1 percent in the second quarter. "Our total beverage volume growth was impacted by weaker lager volume performance in the second quarter, balanced by strong growth in soft drinks," Clark said in a statement. Clark said weaker trading conditions in China and Australia had affected the company's financial performance, as had adverse movements in foreign currencies. SABMiller, which reports results in U.S. dollars, has been hurt by the relative weakness currencies such as the South African rand in recent months. The dollar was on a bull run throughout the three months to the end of September, rising nearly 8 percent against a basket of currencies. SAB's stock fell to 3,210.5 pence on Tuesday after the results, down 1.2 percent, or twice as much as the FTSE 100 index. The decline was, however, in line with the Stoxx Europe 600 Food & Beverage Euro Price Index. SAB's shares had soared to a historic high of 3,857 pence on Sept. 15, the day after the Heineken approach was revealed, as investors saw the move as defensive and a sign that the long-rumoured takeover by InBev might be imminent. SAB shares have fallen 17 percent since then. Finance
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Lexington man robbed at gunpoint; thieves steal money, phone, beer
(WKYT) - Lexington Police are investigating an armed robbery early Tuesday morning. It happened just after midnight on Laredo Drive. Police say a man was walking home when he was approached by two other men. They then say one of the men pointed a gun in the victim's face, stealing cash, the man's cell phone, and a six pack of beer. Investigators have a limited description of the suspects. No arrests have yet been made. McConnell, Grimes discuss various Kentucky topics in televised debate
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Heineken Elevates Global Soccer Presence With Deal To Become Official Beer Of Major League Soccer - Yahoo Finance
The festivities for Nov. 9 will contrast sharply with the more solemn 20th anniversary, when dignitaries including former Soviet leader Mikhail Gorbachev and Poland's Lech Walesa joined the events at the Gate, once a symbol of Europe's partition. The Berlin Wall, which divided the island of West Berlin from the communist East after it was built in 1961, was the most potent symbol of the Cold War. At least 136 people were killed or died at the Wall, most of them while trying to escape. Momentous images of emotional Germans from the East surging through the newly opened border stunned the world in 1989 and the following year, when the two Germanys became one. "We want to celebrate the role of citizens in bringing about change," said Steffen Seibert, spokesman for Chancellor Angela Merkel, outlining the plans for the celebrations along with representatives from Berlin city. He cited the tens of thousands of people in the eastern city of Leipzig who gathered inside and outside churches to protest against the communist government and those who ultimately brought about the end of the East German regime. Chancellor Angela Merkel, brought up under communism in East Germany, will make a speech at a memorial at the former border strip along Bernauer Strasse where a new exhibition will be opened, said Seibert. Afterwards she and many cabinet members will join in the festivities as guests. There has so far been no suggestion that Helmut Kohl, 84, chancellor at the time of the fall of the Wall and the main architect of German reunification, will join the festivities. He is in frail health and is usually seen in a wheelchair. "We want a festival that will embody freedom and we want to celebrate the fact that we had a peaceful revolution," said Seibert. Beer and sausage stands will line the streets around the Brandenburg Gate and music will be provided by the likes of Peter Gabriel and German rocker Udo Lindenberg. Daniel Barenboim will conduct the Berlin State Opera orchestra playing Beethoven's Ode to Joy from his Ninth Symphony. The festivities will go on all day and into the evening. Some 8,000 illuminated white balloons will be lined up along a strip of the former Wall in Berlin and released after dark. (Reporting by Madeline Chambers; Editing by Gareth Jones) Politics & Government
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Berlin plans people's party to mark 25 years since fall of Wall - Yahoo News
Related Visitation, memorial service Monday... The mayor made the announcement Monday morning at Against the Grain at Louisville Slugger Field. The recommendations aimed at growing the industry in the city were developed by the local brewery work group. The five major recommendations range from developing an official beer trail and map of local breweries, to creating an event to spotlight bourbon-barrel-aged beer. Fischer went on to say bourbon and craft beer are a huge part of the city's tourism industry, creating thousands of jobs. Right now the Louisville metro area is home to at least nine breweries.
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Chillin' wit' ... cold beer
14, 2014 /CNW/ - A&W Revenue Royalties Income Fund (the Fund) and A&W Food Services of Canada Inc. (A&W Food Services) reported today results for the third quarter ended September 7, 2014 . The Fund will hold a conference call to discuss the results on Tuesday, October 14, 2014 at 1:00 p.m. Pacific Time (4:00 p.m. Eastern Time). The call can be accessed by dialling toll-free 1-866-530-1553 or (416) 847-6330 Passcode 1762238. A replay will be available until October 20, 2014 , by dialling toll-free 1-888-203-1112 or (647) 436-0148 Passcode 1762238. Building on the strong start to the year, A&W's same store sales growth for the third quarter of 2014 was +5.7%. Year to date same store sales growth is now 5.8%. The strong same store sales growth along with the sales from new restaurants added to the Fund's Royalty Pool in January led to an 11.0% increase in royalty income for the quarter and 10.5% year to date. Net income before non-cash items increased 14.7% for the quarter and $1,433,000 or 11.6% year to date. "Our continued positive sales performance is a result of our ongoing strategy to respond to our guests' desire for simple, great tasting ingredients that have been farmed with care," said Paul Hollands , President and CEO of A&W Food Services of Canada Inc. (A&W Food Services). "In 2013, we became the first national quick service restaurant in North America to serve beef raised without the use of hormones or steroids. Based on its success, we introduced eggs from hens fed a vegetarian diet without animal by-products and on October 20, 2014 we will announce another major ingredient change that is a first in the quick service restaurant industry. We are pleased that as a result of the strong sales, the Fund's payout ratio has moved below 100%." A&W Food Services' strategy also includes accelerating the pace of growth of new restaurants. Twenty two new A&W restaurants were opened across the country in 2014 year to date and 16 of these are in Ontario and Quebec , important growth markets for A&W. An additional 15 new restaurants are under construction and are expected to open in the coming months. Total sales reported by A&W restaurants in the Royalty Pool for the third quarter of 2014 were $234,378,000 , an increase of 11.0% as compared to sales of $211,118,000 for the third quarter of 2013. Year to date sales were $638,829,000 , an increase of 10.5% for 2014 year to date. The increase in sales was due to the increase in sales from the 30 net new restaurants added to the Royalty Pool on January 5, 2014 and the same store sales growth. Distributable cash generated in the third quarter of 2014 to pay distributions to unitholders and dividends to Food Services was $5,133,000 compared to $4,475,000 in the third quarter of 2013, an increase of 14.7%. Distributable cash generated in 2014 year to date was $13,746,000 compared to $12,313,000 in 2013 year to date. Distributable cash is equivalent to net income before non-cash items such as non-cash gains and losses on interest rate swaps, future income taxes and amortization. These non-cash items have no impact on the Fund's ability to pay distributions to unitholders. The distributable cash calculation is provided as it identifies the amount of actual cash available to pay distributions to unitholders and dividends to Food Services. Distributable cash generated per equivalent unit increased by 3.2 to 36.1 per unit in the third quarter of 2014 from 32.9 for the third quarter of 2013. Year to date distributable cash generated per unit increased by 6.1 to 96.6 per unit in 2014 year to date from 90.5 for 2013 year to date. The increase in distributable cash per equivalent unit was due to the increase in royalty income flowing from the same store sales growth less the higher income tax expense resulting from the increase in income tax rates. Three monthly distributions totalling 35.1 per unit were declared in the third quarter of 2014, the same as 2013. 2014 year to date distributions were 93.6 per unit, the same as 2013. The payout ratio improved to 89.5% for the third quarter of 2014 from 98.2% for the third quarter of 2013. The year to date payout ratio improved to 99.6% for 2014 as compared to 106.6% for 2013 year to date. The Fund's objective is to maintain an annual payout ratio at or below 100%. Good progress has been made in meeting this objective. The Fund's annual payout ratio for 2012 was 107.0%; it fell to 104.1% in 2013 and now stands at 99.6% on a trailing four quarter basis as at Q3, 2014. 106.6% (1) Same store sales growth is not an earnings measure recognized by International Financial Reporting Standards (IFRS) and therefore may not be comparable to similar measures presented by other issuers. This information is provided as it is a key driver of growth in the Fund. (2) Distributable cash is not an earnings measure recognized by IFRS and therefore may not be comparable to similar measures presented by other issuers. Distributable cash is equivalent to net income before non-cash items such as non-cash gains and losses on interest rate swaps, future income taxes and amortization. These non-cash items have no impact on the Fund's ability to pay distributions to unitholders. The distributable cash calculation is provided as it identifies the amount of actual cash available to pay distributions to unitholders and dividends to Food Services. (3) The number of equivalent units and distributable cash per equivalent unit in 2014 includes the 124,335 LP units exchangeable for 248,670 common shares of Trade Marks representing the remaining 20% of the consideration for the January 5, 2014 adjustment to the Royalty Pool which is held back until December 2014 when the actual annual sales are reported by the new restaurants. The number of equivalent units and distributable cash per equivalent unit in 2013 includes the 131,650 LP units exchanged for 263,300 common shares of Trade Marks representing the final consideration paid in December 2013 for the January 5, 2013 adjustment to the Royalty Pool. (4) The payout ratio is calculated by dividing distributions paid and distributions accrued to the last day of the quarter and year to date period, by distributable cash generated in that period. About the Fund The Fund is a limited purpose trust established to invest in Trade Marks, which through its interest in A&W Trade Marks Limited Partnership (the Partnership), owns the A&W trade-marks used in the A&W quick service restaurant business in Canada. The A&W trade-marks comprise some of the best-known brand names in the Canadian foodservice industry. In return for licensing A&W Food Services to use its trade-marks, Trade Marks (through the Partnership) receives royalties equal to 3% of the sales of the 790 A&W restaurants in the Royalty Pool. A&W is the second largest quick-service hamburger restaurant chain in Canada. Operating coast-to-coast, A&W restaurants feature famous trade-marked menu items such as The Burger Family, Chubby Chicken and A&W Root Beer. The Royalty Pool is adjusted annually to reflect sales from new A&W restaurants, net of the sales of any A&W restaurants that have permanently closed. Additional limited partnership units (LP units) are issued to A&W Food Services to reflect the annual adjustment. A&W Food Services' additional LP units are exchanged for additional shares of Trade Marks which are exchangeable for units of the Fund. A&W Food Services owns 14% of the common shares of Trade Marks, and therefore owns the equivalent of 14% of the units of the Fund on a fully-diluted basis. Trade Marks' dividends to A&W Food Services and the Fund, and the Fund's distributions to unitholders are based on top-line revenues of the A&W restaurants in the Royalty Pool, less interest, general and administrative expenses and current income taxes of Trade Marks, and are thereby isolated from many of the factors that impact an operating business. Certain statements in this press release may contain forward-looking information within the meaning of applicable securities laws in Canada (forward-looking information). The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information is based on assumptions that management considered reasonable at the time it was prepared. The forward-looking information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by the forward-looking information. The factors which could cause results to differ from current expectations are described in the Fund's most recent Management Discussion and Analysis under the heading "Risks and Uncertainties" and the Fund's Annual Information Form under the heading "Risk Factors", available on SEDAR at www.sedar.com . Additional information relating to the Fund is available at www.awincomefund.ca . SOURCE A&W Revenue Royalties Income Fund View photo
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cold beer Genre Muller, owner of Flying Fish Brewing Company, sit along Haddon Avenue in Haddon Township Sunday afternoon. (Jason Nark) Travel Deals See all travel deals Posted: Monday, October 13, 2014, 3:01 AM IT SOUNDS LIKE hard work, owning a successful brewery, at least that's what we all tell ourselves when we daydream about it, but it sure sounds like Gene Muller is the luckiest guy on Earth sometimes. "All of my work meetings end with a beer," he says on a stunning October Sunday afternoon. Muller - owner of the Flying Fish Brewing Co. - isn't boasting, though. It's just a fact, and the rest of us cubicle jockeys are going to have to deal with it or grow a set of hops and get brewing as he did in 1995. Muller, who's in his 50s, is sitting at a small, green table outside a coffee shop on Haddon Avenue in his hometown of Haddon Township, N.J. He's wearing a Patagonia pullover with his brewery's logo embroidered on it, sipping on a coffee and still talking beer, though mostly because this reporter keeps asking about it. "I'm usually cooped in an office all day," he swears. "When I'm off, I really like to get outside and hike or take the girlfriend's dog for a walk in the woods." In the beginning, Muller says, he was met with lots of blank stares when he left advertising and tried to raise money for this new sud-filled dream. "I had never run a brewery. I had never run a restaurant and I had never owned my own business," he says, laughing. "Sometimes it's just better to be lucky than good." Muller moved his brewery from Cherry Hill to a new facility in Somerdale in 2012 that's three times as large and far more efficient and environmentally friendly, he says. Today, good craft beers are everywhere, he says, and although he's far too genial to admit which ones he doesn't like, he says he's not fond of anything that's too "gimmicky." Muller's variety called Hopfish, described as an English-style pale ale, won a gold medal at the Great American Beer Festival. Muller says he plans to do some traveling in the future - real vacations unrelated to beer - but even his work trips to breweries and festivals and fields of hops sound like vacations to the rest of us. - Jason Nark Chillin' Wit' is a regular Monday feature of the Daily News that spotlights a name in the news away from the job.
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Louisville mayor releases new report on growing craft beer industry | Local News - WLKY Home
2 hours ago Content preferences Done WHITE PLAINS, N.Y., Oct. 14, 2014 /PRNewswire/ --Heineken today announced a landmark, long-term partnership agreement with Major League Soccer (MLS) to become the Official Beer of MLS. The partnership, which commences in January 2015, further establishes Heineken's standing as a worldwide leader in the sport and gives the brand an additional springboard to challenge Americans to chase new experiences and open their world. View gallery . Heineken's relationship with MLS corresponds with the next phase of the League's evolution. In 2015, MLS' 20th season will include a new-look crest, two new expansion clubs, new media partners and a new premium beer brand. MLS will also serve as a seamless counterpart to Heineken's global soccer initiatives, including sponsorship of the UEFA Champions League (UCL), to create year-long engagement with fans. Heineken will further complement their soccer properties with individual MLS club deals to be announced in the coming weeks. "Soccer has been an invaluable platform for the Heineken brand for years, with our position as sponsor of the UEFA Champions League and other top soccer properties around the world," said Nuno Teles, Heineken Chief Marketing Officer. "Fans in the U.S. and across the globe appreciate the opportunity to enjoy first-class soccer with the highest quality premium beer. With this partnership, we look forward to continuing a lengthy tradition of creating unique experiences for fans everywhere and drive participation and engagement in the sport in a way that has never been done before in the U.S." The agreement between the two brands will see Heineken owning exclusive rights to MLS content and is the latest indicator in the rise of the world's most popular sport in the United States, particularly amongst Millennials. With the third highest average attendance of any U.S. sports league, the highest percentage of Hispanic and Millenial audience of any major U.S. sport and more than 22 million Americans actively playing soccer in the United States, MLS has proven to attract a diverse and cosmopolitan audience that reflects Heineken's adult consumer. Starting in 2015, The Official Beer of MLS will present MLS Rivalry Week. In addition, Heineken will feature strong visibility during nationally broadcast matches, on-site and digital activations, and point-of-sale materials. "We are excited to welcome Heineken on board as we approach the League's 20th season," said Gary Stevenson, President and Managing Director, MLS Business Ventures. "Heineken is a supporter of soccer globally and is a great fit for what's next for Major League Soccer." Through the sponsorship, and by leveraging MLS' passionate and growing fan base, Heineken strives to further elevate its global status as a world class beer and provider of unparalleled fan engagement. For more information on Heineken and their partnership with MLS, please follow us on Twitter, @Heineken_US, visit the Heineken Facebook page, www.facebook.com/Heineken , check us out on YouTube, https://www.youtube.com/user/HeinekenUSA or Heineken.com. About HEINEKEN USA HEINEKEN USA Inc., the nation's leading upscale beer importer, is a subsidiary of Heineken International BV, the world's most international brewer. European brands imported into the U.S. include Heineken, the world's most international beer brand, Strongbow Hard Apple Ciders, Desperados, Amstel Light, and Newcastle Brown Ale. HEINEKEN USA also imports the Dos Equis Franchise, Tecate Franchise, Sol, Indio, Carta Blanca and Bohemia brands from Mexico. For the latest information on our company and brands, follow us on Twitter @HeinekenUSACorp , or visit HEINEKENUSA.com About Major League Soccer Headquartered in New York City, Major League Soccer is the top-flight professional soccer league in the United States and Canada. MLS features many stars from the U.S., Canada, and around the world. Major League Soccer's 19th season features 19 clubs each playing 34 regular-season matches. Those clubs include the Chicago Fire; Chivas USA; Colorado Rapids; Columbus Crew; D.C. United; FC Dallas; Houston Dynamo; Montreal Impact; New York Red Bulls; New England Revolution; Philadelphia Union; Portland Timbers; Real Salt Lake; San Jose Earthquakes; Seattle Sounders FC; 2013 MLS Cup Champion Sporting Kansas City; Toronto FC and Vancouver Whitecaps FC. Expansion teams New York City FC and Orlando City Soccer Club will begin play in 2015 and an expansion team in Atlanta will begin play in 2017. For more information about MLS, log on to the league's official website at www.MLSsoccer.com . Media contacts:
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