Craft Brewers Alliance’s Comeback

Dear Client:Craft Brewers Alliance posted its second quarter in a row of profitability, and they seem to have turned a corner with respect to growing the topline while also cutting costs. The merger of Widmer and Redhook last year (with investments also in fast-growing Kona and Goose Island), allowed the company to increase capacity utilization, cut duplicate costs, and operate with one national sales force. CBA's shipments were up 1% in the third quarter following heavy distributor inventories at the