NUVO hosts the Great Indiana Beer Bracket Final Four | WISH-TV
The brewer's shares were down 0.9 percent at 86.40 euros by 1030 GMT, making them the worst performer on the STOXX European food and beverage index (.SX3P) and among the weakest of all European blue chips (.FTEU3). "I'm not too sure about the fourth quarter either. I think that could be quite tough," said Societe Generale beverage analyst Andrew Holland, who recently upgraded the stock to "hold" in the expectation of strengthening U.S. wage growth. "There's not much comfort from the underlying U.S. beer market and I can't see the Brazilian economy suddenly turning around in Q4." AB InBev reported a 1.3 percent like-for-like rise in third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) to $4.75 billion, against an average forecast of $5 billion in a Reuters poll of nine analysts. The brewer, which sold more than one in five beers drunk worldwide last year, blamed wholesaler inventory cuts in the United States, its largest market, the timing of price increases in Brazil and reduced cost savings in Mexico - down to $10 million from more than $200 million a year earlier. "We believe that the third quarter was a one-off in terms of EBITDA performance and is not reflective of expected future trends for the business," the company said. CHINESE AND MEXICAN BUD BOOST The brewer did benefit from consumers trading up to premium brands Harbin and Budweiser in China, more than making up for reduced volumes because of cold weather. In Mexico, meanwhile, a strengthening economy led consumers to drink more and swallow price increases, with increasing numbers also switching to more expensive Bud Light. AB InBev is the market leader in the United States, Brazil and Mexico - three of the four beer markets generating the most profit - but volume growth was minimal in Brazil. The country fell into recession in the first half of the year, though the soccer World Cup tournament provided a sales uplift in the second quarter. Europe was also weak, with Russian volumes down 20 percent and consumption falling elsewhere because of very wet weather that dampened sales in the usually busy month of August. The brewer repeated its view that volume trends would improve in the United States and that sales in Brazil and Mexico would return to growth this year. The company suffered declining sales last year in all regions but Asia-Pacific. AB InBev's performance chimed in part with Dutch rival Heineken (HEIN.AS), which last week reported lower than expected third-quarter sales, citing Europe's wet summer. The growth ambitions of world's top brewers are relying increasingly on Latin America, Asia and Africa amid subdued consumer spending in slowly recovering Europe and limited U.S. expansion. Still, growth in a number of emerging markets has slowed and consumers there also drink less when it rains, as Heineken discovered in Nigeria and SABMiller (SAB.L) in central provinces of China. More muted growth has led some analysts to suggest that the industry is ripe for further consolidation, with speculation that fierce cost-cutter AB InBev could have SABMiller in its sights.
Souce http://finance.yahoo.com/news/ab-inbev-profit-capped-weak-064557532.html
Beer Institute Releases Domestic Tax Paid Estimate
WASHINGTON, DC (PRWEB) October 31, 2014 Today, the Beer Institute published an unofficial estimate of domestic tax paid by beer brewers: The September 2014 domestic tax paid estimate is 15,100,000 barrels. September 2013 removals were 15,190,000 (revised) for a decrease of 0.6 percent. Please refer to the attached table for the monthly revisions from previous releases. The Beer Institute is the trade association representing all brewers and beer importers, as well as industry suppliers. For news media seeking more information on the statistical information above, please contact either Chris Thorne or Megan Kirkpatrick at 202.737.2337.
Souce http://www.prweb.com/releases/2014/11/prweb12292623.htm
But if you're even considering pairing your beer with Halloween candy, stop right there. Instead, hunt down some sweet beers that will make you feel like youre consuming spooky amounts of candy --or just really delicious seasonal flavors. Note: All Alcohol By Volume percentages are from BeerAdvocate.com. ADVERTISEMENT 1. Perrin Malted Milk Ball Imperial Porter Perrin Brewing Company Brewery: Perrin Brewing Company, Comstock Park, MI ABV: 10.8% Candy equivalent: Whoppers (not the burger kind) 2. Duclaw Sweet Baby Jesus!
Souce http://www.foxnews.com/leisure/2014/10/31/beers-that-taste-like-candy-just-in-time-for-halloween/
After fatal crash, Indiana man drags woman's body inside home, drinks beer
Three Floyds Brewing Co. (Munster), Sun King Brewery (Indianapolis), Upland Brewing Co. (Bloomington) and Peoples Brewing Co. (Lafayette) will participate in a blind tasting event at Chumleys in Broad Ripple on Saturday, November 1 from 2-5 p.m. The Beer Bracket started with 64 Indiana breweries, voted on weekly by NUVO readers. Ultimately the field was narrowed to the Final Four. Tasting Tip: When sampling start with the lights first. Start with the lowers amount of hops first and work your way up so that you dont bruise your palette. According to guest Ed Wenck, managing editor for NUVO There are close to 100 craft brewers in the state of Indiana right now. For more info, visit www.NUVO.net/BeerBracket .
Souce http://wishtv.com/2014/10/31/nuvo-hosts-the-great-indiana-beer-bracket-final-fout/
Beers that taste like your favorite Halloween candy | Fox News
Each year, the weekend before Halloween, ghouls and other Halloweeners would hop on subway Line 2 carrying bottles of beer and mixed drinks. When subway security personnel tried to stop the crowds, they were often swallowed up in the throngs of revelers which included many people dressed up as subway security guards. Halloween is not celebrated in China and the Beijing government discourages superstitions. The warning against spooking subway riders was carried in the Beijing Times which said authorities feared the gruesome costumes could cause "panic." 5 Ways Halloween Has Changed Since You Were a Kid The Beijing Times quotes police as warning trick-or-treaters that if they insist on getting on the subway, or the chaos is serious and causes a stampede or other public safety incident, the police will deal with it severely in accordance with the law. The crackdown comes ahead of Beijing hosting the Asia-Pacific Economic Cooperation conference next month. Leaders from all over the world will be gathered in the capital for what is being hailed as the biggest international event here since the 2008 Olympics. In order to make sure the APEC summit runs smoothly, the Beijing government has been taking some tough measures. Factories in and outside of Beijing have been shut down for air-quality control. Starting from Saturday and running until Nov. 12, the city will begin widespread traffic controls, and cars can only hit the streets every other day, depending on their license plate numbers. Authorities will increase general security measures, including banning monsters and zombies that usually jam the subway line each Halloween. Many Chinese have commented on the internet and expressed little sympathy for the Halloween partiers. One internet user from Nanjing wrote: Please consider children and old people in public places. Halloween
Souce http://news.yahoo.com/scary-halloween-monsters-threatened-arrest-beijing-subway-145000036--abc-news-topstories.html
Scary Halloween Monsters Threatened With Arrest on Beijing Subway - Yahoo News
Inc. ( SAM ) surged 9.1% during yesterday's after hours trading session following the company's announcement of strong financial results for the third quarter of 2014. The largest craft brewer of the United States posted earnings of $2.79 per share for the quarter that surged 47.6% year over year and also came well ahead of the Zacks Consensus Estimate of $2.35. The Boston Beer Company Inc - Earnings Surprise | FindTheBest Results for the quarter mainly benefited from robust increase in shipments and a notable decline in operating expenses per barrel due to fall in employee benefit expenses as well as a shift in timing of certain advertising promotional and selling expenses. Quarterly Discussion Net revenue soared 25% year over year to $269.7 million and came ahead of the Zacks Consensus Estimate of $259 million primarily owing to an increase of 23% in core shipment volume. Moreover, depletions improved by a solid 21% in the quarter gaining from efficient sales execution, support from distributors and retailers, the quality of the company's beers, innovation and strong brands. An improvement in the company's Samuel Adams, Angry Orchard and Twisted Tea brands were primary contributors to the growth of brands. The company's gross profit increased approximately 23.9% year over year to $143 million. However, gross margin remained flat with last year at 53% as the benefit of rise in price was fully offset by a negative impact from product mix, and higher packaging and ingredient costs. Advertising, promotional and selling expenses soared nearly 15.9% to $65 million because of higher investments in media advertising, point of sale, increased costs for extra sales personnel and enhanced freight to distributors due to higher volumes. General and administrative expenses remained almost flat at $15.7 million primarily due to increase in salary expenses fully offset by lower consulting and benefit costs. Operating income in the quarter came in at $60.6 million, up 43.6% from the year-ago quarter level of $42.2 million. Operating margin expanded 300 bps to 22.5% due to lower operating expenses as a percentage of sales. Balance Sheet Boston Beer ended the quarter with cash and cash equivalents of $57.2 million. Long-term debt excluding current maturities stood at $528 million while stockholders' equity was $412.4 million. Further, during the nine months of 2014, the company generated approximately $102.6 million of cash from operating activities while it deployed nearly $128.3 million toward capital expenditure. Guidance Despite reporting solid third-quarter results, the company maintained its earlier fiscal 2014 guidance and provided a preliminary forecast for fiscal 2015. For fiscal 2014, the company reiterated its earnings per share guidance of $6.00-$6.40. However, the company expects actual results to deviate from the targeted numbers. Underlying the reiterated guidance, the company maintained its projections for 20%-24% depletions and shipments growth, 2% increase in prices, gross margin of 51%-53%, and advertising, promotion and selling expenses of $37-$45 million. Effective tax rate for the period is now projected to be approximately 37.5%. The company highlighted plans to invest around $3-$5 million in its existing brands developed by Alchemy & Science. These expenses form a part of the projected increases in advertising, promotional and selling expenses for the year. However, the company lowered its estimated capital spending for the year and now expects it to be in the range of $150-$160 million, compared with its previous forecast of $160-$185 million. Moreover, the company stated that its capital spending forecast includes capital investments related to Alchemy & Science projects of $7-$9 million. For fiscal 2015, the company expects depletions and shipments to rise 10%-15%, improvement in prices of 1%-2%, gross margin of 51%-53% and advertising, promotional and selling expenses of $25-$35 million, which includes $6-$12 million worth ongoing investments in Alchemy & Science brands. Effective tax rate for fiscal 2015 is expected to be 38%. Capital expenditure for fiscal 2015 is currently anticipated in the range of $80-$100 million, which includes about $5-$7 million capital investments for its existing Alchemy & Science brands. Currently, Boston Beer has a Zacks Rank #3 (Hold). Better-performing stocks in the related beverages - soft industry are Dr Pepper Snapple Group, Inc. ( DPS ), Monster Beverage Corporation ( MNST ) and True Drinks Holdings, Inc. ( TRUU ), all of which carry a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Souce http://www.nasdaq.com/article/boston-beer-surges-on-solid-q3-earnings-2014-view-intact-analyst-blog-cm408825
LeBron James' Homecoming Loss With Cavaliers Is Significant Albeit Briefly - TIME
Inc. ( SAM ) surged 9.1% during yesterdays after hours trading session following the companys announcement of strong financial results for the third quarter of 2014. The largest craft brewer of the United States posted earnings of $2.79 per share for the quarter that surged 47.6% year over year and also came well ahead of the Zacks Consensus Estimate of $2.35. The Boston Beer Company Inc - Earnings Surprise | FindTheBest Results for the quarter mainly benefited from robust increase in shipments and a notable decline in operating expenses per barrel due to fall in employee benefit expenses as well as a shift in timing of certain advertising promotional and selling expenses. Quarterly Discussion Net revenue soared 25% year over year to $269.7 million and came ahead of the Zacks Consensus Estimate of $259 million primarily owing to an increase of 23% in core shipment volume. Moreover, depletions improved by a solid 21% in the quarter gaining from efficient sales execution, support from distributors and retailers, the quality of the companys beers, innovation and strong brands. An improvement in the companys Samuel Adams, Angry Orchard and Twisted Tea brands were primary contributors to the growth of brands. The companys gross profit increased approximately 23.9% year over year to $143 million. However, gross margin remained flat with last year at 53% as the benefit of rise in price was fully offset by a negative impact from product mix, and higher packaging and ingredient costs. Advertising, promotional and selling expenses soared nearly 15.9% to $65 million because of higher investments in media advertising, point of sale, increased costs for extra sales personnel and enhanced freight to distributors due to higher volumes. General and administrative expenses remained almost flat at $15.7 million primarily due to increase in salary expenses fully offset by lower consulting and benefit costs. Operating income in the quarter came in at $60.6 million, up 43.6% from the year-ago quarter level of $42.2 million. Operating margin expanded 300 bps to 22.5% due to lower operating expenses as a percentage of sales. Balance Sheet Boston Beer ended the quarter with cash and cash equivalents of $57.2 million. Long-term debt excluding current maturities stood at $528 million while stockholders equity was $412.4 million. Further, during the nine months of 2014, the company generated approximately $102.6 million of cash from operating activities while it deployed nearly $128.3 million toward capital expenditure. Guidance Despite reporting solid third-quarter results, the company maintained its earlier fiscal 2014 guidance and provided a preliminary forecast for fiscal 2015. For fiscal 2014, the company reiterated its earnings per share guidance of $6.00$6.40. However, the company expects actual results to deviate from the targeted numbers. Underlying the reiterated guidance, the company maintained its projections for 20%24% depletions and shipments growth, 2% increase in prices, gross margin of 51%53%, and advertising, promotion and selling expenses of $37$45 million. Effective tax rate for the period is now projected to be approximately 37.5%. The company highlighted plans to invest around $3$5 million in its existing brands developed by Alchemy & Science. These expenses form a part of the projected increases in advertising, promotional and selling expenses for the year. However, the company lowered its estimated capital spending for the year and now expects it to be in the range of $150$160 million, compared with its previous forecast of $160$185 million. Moreover, the company stated that its capital spending forecast includes capital investments related to Alchemy & Science projects of $7$9 million. For fiscal 2015, the company expects depletions and shipments to rise 10%15%, improvement in prices of 1%2%, gross margin of 51%53% and advertising, promotional and selling expenses of $25$35 million, which includes $6$12 million worth ongoing investments in Alchemy & Science brands. Effective tax rate for fiscal 2015 is expected to be 38%. Capital expenditure for fiscal 2015 is currently anticipated in the range of $80$100 million, which includes about $5$7 million capital investments for its existing Alchemy & Science brands. Currently, Boston Beer has a Zacks Rank #3 (Hold). Better-performing stocks in the related beverages soft industry are Dr Pepper Snapple Group, Inc. ( DPS ), Monster Beverage Corporation ( MNST ) and True Drinks Holdings, Inc. ( TRUU ), all of which carry a Zacks Rank #2 (Buy).
Souce http://finance.yahoo.com/news/boston-beer-surges-solid-q3-154002678.html
Boston Beer Surges on Solid Q3 Earnings, 2014 View Intact - Yahoo Finance
Souce http://www.wndu.com/news/headlines/After-fatal-crash-Indiana-man-drags-womans-body-inside-home-drinks-beer-281082042.html
Boston Beer Surges on Solid Q3 Earnings, 2014 View Intact - Analyst Blog - NASDAQ.com
More Halloween Trick: Bone-Chilling Weather Brings Shivers NBC News Ebola Aid Groups: Quarantine Debate Discourages Volunteers NBC News No Trick: Poconos Breathe Easy as Eric Frein Manhunt Ends NBC News Disney Princesses With Realistic Waistlines Look Utterly Fabulous Huffington Post Reva Seth: Why I Can't Remain Silent About What Jian Did to Me Huffington Post James commands more attention than anyone in sports not simply because he is the worlds best basketball player. Its also because the storylines around him never stay the same. One day, he cant win the big one and the next he cant lose. One day, he cant hit the last shot and the next he cant miss. The narratives a modern catchphrase that seemed to be coined with him in mind constantly shift under his Nikes. All summer, James was cast as the spotless homecoming king who could do no wrong, a role he filled with aplomb. But, realistically, it would only last until the first bad loss. Over the past half-century, Cleveland has become intimately accustomed to disappointment, but not even the locals could fathom a newly formed super team dropping a home game on Opening Night to a Knicks squad starting Quincy Acy and Shane Larkin . The Cavaliers spent three months working themselves into a lather for this day; the Knicks hobbled in after a 24-point home loss to the Bulls the night before. James tossed the powder in the air. The crowd sang along with Usher to the national anthem. A 25,000-square foot banner was unfurled at Ontario and Huron. East 4th was as jammed as Bourbon St. The whole scene felt like a set-up for the homecoming king to post a triple-double and the Cavs to roll by 30. Popular Among Subscribers SIs predictions for LeBron James first season back in Cleveland In sports, unlike advertising, there is no script, and the Knicks ruined a great party with a shocking 95-90 win. James did not play a good game or even an average one. He made 5 of 15 shots, committed eight turnovers, and only found easy baskets when he was cherry picking Kevin Love outlets. He threw a pass into the seats when Kyrie Irving cut inside. He fouled Carmelo Anthony taking a three. He scrapped with Jason Smith of all people. Selecting a James highlight is hard, besides the lay-up he sank over Anthony, while being dragging down by the jersey. Emotions are going to run, James said. The crowd was excited, we were excited, everyone was excited. I tried to focus. He acknowledged no nerves, but in the tunnel before warm-ups, he hopped up and down like a frenzied prizefighter. He let out an impromptu roar in the pre-game layup line. He tilted his head to the rafters before introductions. If he wasnt overwhelmed, he was at least moved. Play the game, not the occasion, cautioned David Blatt, Clevelands rookie coach. But, at morning shoot-around, James called the game probably one of the biggest sporting events thats up there ever . He built it into something even more significant than it was. James attributed his struggles to the Cavaliers search for chemistry, a reasonable explanation, considering how quickly this roster was slapped together. In the first half, the Cavs moved the ball well, though at times they over-passed. In the second half, the offense stalled, as stars went one-on-one. The Cavs should score as easily as any team in the NBA, but occasionally they recalled the 2010-11 Heat , albeit without the frenetic defense. I think we spiked at a certain point, Blatt said. Weve been excited about this game for a long time. We used that emotion in a positive way and then we kind of dropped off the map. MCCALLUM: Meet the Cavaliers new well-traveled coach David Blatt Blatt acknowledged that Cleveland must do a better job putting James in motion, which could mean more pick-and-rolls, particularly potent when run with Love. The Cavaliers dont have time to regroup. They now embark on a challenging four-game road trip, with a date Friday in Chicago, followed by a test Tuesday in Portland. Perhaps they will find a bit of normalcy on the road, without Justin Bieber roaming the corridor outside their locker room, singing quietly to himself. Its crazy, said Cavs forward Tristan Thompson . And its just beginning. If Cleveland takes a few weeks to find its groove, James will surely point back to those 2010-11 Heat, who proved a 9-8 start does not portend doom. Standing at his corner locker late Thursday night, he appeared unexpectedly upbeat, reviewing bad passes and missed shots with a self-deprecating smile. I didnt press, he said. I didnt do much. The coronation did not go at all as planned, and in a way, that was appropriate. James traditionally does his best work in the crosshairs, when he is being doubted, not exalted. Thats part of the reason he appealed to this region in the first place. Hard times are what we do, said Cleveland mayor Frank Jackson, watching the game from a suite. Challenges are part of life.
Souce http://time.com/3550639/lebron-james-homecoming-loss-with-cavaliers-is-significant-albeit-briefly/
Social Media-savvy Thieves of Nargis Cafe Pens Can Cash in with Half-Priced Beer
Brooklyn, NY (PRWEB) October 31, 2014 In a strange twist from the norm, Nargis Cafe has decided to reward people who stole from the restaurant. Nargis Cafe will reward customers that stole pens from them by offering half off any draft beer on the menu. These customers who saw an untethered pen and took it now get to capitalize on their bandit-like investment. By returning to Nargis, customers who stole pens from the restaurant earlier this year may proudly return, where instead of punishment they'll be treated like members of an exclusive club. The management of Nargis Cafe, the famous Brooklyn-area Central Asian restaurant, ordered a set of pens earlier in the year, and then strategically laid out the pens around the cafe to be pilfered by passerby and customers. The promise was that later in the year, the Nargis customers with stolen pens who paid attention to social media would later be signaled to how they might get a deal on authentic Central-Asian cuisine. Nargis Cafe started the campaign by launching the draft beers promotion. By simply showing the server a stolen pen, customers get the price of one draft beer on their bill cut in half. To put the word out to pen thieves, Nargis Cafe is using social media. Nargis Cafe offers a variety of draft beers, perfect for pairing with a number of traditional dishes, from hot Uzbek soups like shurpa or lagman, to shish kebab grilled over smoky coals. To help spread the word, Nargis Cafe is going viral in their social media marketing campaign, giving customers who have paid attention and kept a memento from the cafe the chance to cash in and get a good deal on great food and beer. Normally the act of stealing is and should be associated with guilt, but in the case of Nargis Cafe, it made good sense for customers who saw a pen laying around to take it. Now that the pens Nargis Cafe ordered have been stolen, the second part of the campaign launches. Half-off draft beers is just the beginning for Nargis Cafe social media followers who have stolen pens from the restaurant. Other special offers related to the stolen pen are to follow, and will likewise be announced through social media. Customers who have stolen the Nargis Cafe pens should be careful not to let them get mixed in with other stolen pens from places like tire stores or Realtors. Unlike those pens, Nargis Cafe pens have enduring value, which will be demonstrated to the fortunate social media followers of the popular Sheepshead Bay restaurant. The Nargis Cafe hopes to create a buzz in the social media sphere of influence by reaching out to loyal customers in a fun and interesting way. The Nargis Cafe is no greenhorn when it comes to receiving notoriety in the media. The restaurant, located right in Brooklyn at the corner of Coney Island Avenue and Avenue Z, has been featured everywhere from the New York Times, to the Cooking Channel, and even the FX network for a scene in the TV series "The Americans." All this attention, and the restaurant has only been open since 2007. The "Uzbek Flower," as the New York Times called Nargis Cafe ("Nargis" is a flower), has earned this notoriety despite being open for less-than a decade. For some customers, it's the authenticity of the cuisine and decor. According to the New York Times article, for people coming from central-Asian countries, going to Nargis Cafe is a little bit like a homecoming. And now Nargis Cafe is also a den of pen thieves. But that's OK. Stealing a Nargis Cafe pen was more of an initiation rite for social media followers of the restaurant than an act of grand theft. Now the fun begins and Nargis Cafe pen stealers can start enjoying the rewards by raising a glass of half-off draft beer.
Souce http://www.prweb.com/releases/2014/11/prweb12295036.htm
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