Big Rock Brewery Inc.
TSX : BR

Big Rock Brewery Inc.
Big Rock Brewery Ltd. Partnership

May 02, 2013 17:10 ET

Big Rock Brewery Inc. Announces 2013 First Quarter Financial Results

CALGARY, ALBERTA--(Marketwired - May 2, 2013) - Big Rock Brewery Inc. (TSX:BR) ("Big Rock") announced its financial results today for the quarter ended March 31, 2013.

Net income for the quarter ended March 31, 2013 was $92 thousand compared to $108 thousand in the quarter ended March 31, 2012. Operating profit was $129 thousand compared to $80 thousand for the first quarter of 2012. This improvement in operating profit resulted from lower operating expenses as well as higher margins per hectolitre ("hl"), which are attributable to reduced promotional pricing and an overall increase in selling prices compared to 2012.

The growth in operating profit was achieved despite an 11.5% decrease in the total volume of Big Rock's sales in the first quarter of 2013 as compared to the same period in the prior year. Sales volumes for the quarter ended March 31, 2013 were 42,098 hl as compared to 47,567 hl for the same quarter in 2012. Big Rock's continued shift in emphasis from volume growth to operating profit maximization has meant that volume-driven price promotions utilized in the first quarter of 2012 were scaled back significantly for the first quarter of 2013, resulting in comparatively lower sales volumes but higher profit margins.

The Financial Statements and Management Discussion and Analysis dated May 2, 2013 will be available on Big Rock's website at bigrockbeer.com/corporate and on SEDAR at sedar.com under Big Rock Brewery Inc.

About Big Rock Brewery Inc.

Big Rock Brewery - headquartered in Calgary, Alberta - produces premium, all-natural craft beers. As Canada's leading craft brewer, Big Rock boasts a family of nine exceptional ales and lagers, Rock Creek dry cider, an ongoing selection of seasonal beers released through the Brewmaster's Edition and cutting-edge, limited-run brews released through the Alchemist Edition. Big Rock products are sold in nine provinces and two territories in Canada, and are also available in Korea.

For more information on Big Rock Brewery visit bigrockbeer.com.

Contact Information

  • Big Rock Brewery Inc.
    Robert Sartor
    President and Chief Executive Officer
    403.720.3239
    403.720.3641 (FAX)

    Big Rock Brewery Inc.
    Barbara Feit
    Chief Financial Officer
    403.720.3239
    403.720.3641 (FAX)
    investors@bigrockbeer.com
    www.bigrockbeer.com