• FY net profits up 29% to US$90.7m
  • Net sales in year to 27 December increase 22% to $966.5m
  • Operating profits climb 27% to $146.6m
  • FY volumes up by 20% to 4.1m barrels
  • Q4 net profits rise 6% to $19m
  • Net sales grow 6% to $233m
  • Operating profits rise 10% to $32m
  • Q4 volumes up 4% to 983,000 barrels
Boston Beer said 2015 will be more competitive

Boston Beer said 2015 will be more competitive

The Boston Beer Co has posted a jump in full-year profits, sales and volumes, but has warned that tougher times lie ahead.

Net profits in the 52 weeks to 27 December climbed by 29% to US$90.7m, the Samuel Adams brewer said yesterday. Net sales increased by 22% to $966.5m while operating profits increased by 27% to $146.6m.

Volumes also grew, up by 20% to 4.1m barrels, and Boston Beer said there were increases across the Angry Orchard, Twisted Tea, Samuel Adams and Traveler brands.

In the final quarter, net profits were up 6% to $19m while net sales increased by 6% to $233m. Operating profits in the quarter rose by 10% to $32m.

However, company CEO Martin Roper warned that next year's business environment is expected to be more competitive and said Boston Beer will increase investment in its brands and innovations.

2014 saw the introduction of a number of new Boston Beer products, including Samuel Adams Cold Snap and Samuel Adams Rebel IPA in January. Rebel was joined last month by two extensions, Rebel Rouser Double IPA and Rebel Rider Session IPA.

Boston Beer's chairman, Jim Koch, said: “Our growth is attributable to great beer innovation, coupled with strong sales execution and support from our distributors and retailers.”

In after hours trading yesterday, Boston Beer's share price slumped by 12% as performance failed to match analysts' expectations.

To read the company's full results, click here.