The Boston Beer Co has reported a mixed first-half performance as profits fell due to a tough prior-year comparable.
Net profits for the six months to the end of June fell by 31.9% to US$21.8m, the US-based craft brewer, said yesterday (1 Aug). Operating profits also took a dive for the Samuel Adams brewer, as a $20.5m windfall from a glass recall settlement in 2011 forced a difficult comparable.