Brick Brewing, Canadian-owned and Canadian-based publicly held brewery, has reported net revenues of $9.6m, an increase of 27%, in the third quarter (Q3 2014) ended 27 October 2013, compared to net revenues of $7.5m during the same period in 2012.
This double-digit volume improvement in Q3 was driven by the company's investments in its core brands.
Of all the brands, Waterloo volumes increased 29% and Seagram cooler and cider volumes increased by 51% and Laker volumes improved.
Additionally, the quarter benefited from strong year-over-year improvement in co-pack production.
It has also posted a net income of $683,000, reversing a loss of $416,000 in the comparable period last year.
Brick Brewing president and chief executive officer George Croft said that in an environment where the overall beer category volume was largely flat in the third quarter, they have been able to show growth in their supported brands.
"This is a testament to our focus on the category segments with higher growth and margin - premium craft beer as well as coolers and ciders," Croft added.
"Moving forward, we would expect to return to more normalized quarterly performance. We continue to focus on execution, cost control and improved efficiency, all of which were central to the results we're reporting."
