1812 Brewing Company Achieves Strong Beer Sales Growth in First Months of 2023

Rhea-AI Summary

1812 Brewing Company (KEGS) reports a remarkable start to 2023 with beer sales exceeding 280% of the same period in 2022. This surge is attributed to new distributor partnerships, such as TapRm.com, and the introduction of new products like the Thousand Islands IPA and Wolves Den Cream Ale. The Brew Pub has also seen an 84% increase in January revenues, suggesting positive customer engagement. Ongoing discussions with distributors to expand product offerings indicate potential for future growth. The company continues its commitment to maintaining brand autonomy while fostering collaboration among its breweries.

Positive

• Year-to-date sales increased to 283% of 2022 figures.
• New distributors like TapRm.com are contributing to sales growth.
• Strong sales performance for new products, including Thousand Islands IPA.
• Brew Pub restaurant revenues rose by 84% in January, with February showing a 14% increase.
• Discussions with TapRm.com for additional product distribution point to growth opportunities.

Negative

• None.

Year-To-Date Sales at 283% of Same Period in 2022

WATERTOWN, NY / ACCESSWIRE / February 22, 2023 / 1812 BREWING COMPANY, INC. (OTC Markets:KEGS) (the "Company" or "KEGS") is pleased to announce that beer sales have started the new year strong on a relative basis, and current sales to distributors is currently over 280% of sales for the same period in 2022. Growth is being driven by several factors including new distributors such as TapRm.com and AJ Missert in St. Lawrence County as well as the new product releases of Thousand Islands IPA and 1812 Brewing Company's Wolves Den Cream Ale.

1812 Brewing Company's War of 1812 Amber Ale, continues to be sold on TapRm.com's website direct-to-consumers in 45 states plus Washington DC at:

https://1812-brewing.taprm.com/all-products

Sales at TapRm.com remain strong, and we are shipping more of our War of 1812 Amber Ale to them this week. Additionally, we are now in discussions with TapRm.com to possibly carry our Thousand Islands IPA in 16-ounce cans in four-packs.

We are also pleased that sales at the Brew Pub restaurant are also trending higher in 2023, with restaurant revenues up 84% in January with February sales already 14% higher than last year with several days remaining in the month. While unusually warm weather likely has helped drive business, we feel that our 18-draft beer selection and aggressive promotional and advertising has also helped drive traffic to the restaurant.

Thank you for your continued support, and we look forward to updating you all on the Company's developments and continued progress.

About 1812 Brewing Company ("KEGS or the "Company"):

KEGS is an operator of and investor in companies in the craft beer industry. The Company seeks to build a nation-wide network of craft breweries to develop and foster respective brand growth at the local, regional, and national level. KEGS looks to build a network wherein certain economies of scale can be shared across it such as production, distribution footprint expansion, inter-member contract brewing, new product development, sharing of best brewery practices and scale logistics and transportation. The network is to be built through investment by 1812 Brewing Company while maintaining the members' respective local and regional uniqueness, brand autonomy and direct involvement with its consumers. The Company seeks to be an "incubator" of growth for its holdings in the industry.

The Company's current holding, 1812 Brewing Co., produces award-winning beers such as War of 1812 Amber Ale ("1812 Amber Ale"), 1812 Light, Hazy Oasis Pale Ale, Thousand Islands IPA, Malicious Intent XX IPA, Route 11 Lager, Railroad Red Ale, Helles Bells Pilsner, St. Stephens Stout, Third Rail Porter, Featherhammer Maibock.

For more updates follow us on our Website, Facebook, Twitter, Instagram and Linkedin.

https://www.1812ale.com/
https://www.facebook.com/1812brewingcompany/
https://www.instagram.com/1812brewingcompany/
https://twitter.com/1812Brewing
https://www.linkedin.com/company/1812brewingcompany/

Contact Name: Tom Scozzafava
Contact Phone Number: 315-788-1812
Contact Email Address: contact@1812ale.com

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

SOURCE: 1812 Brewing Company Inc.

View source version on accesswire.com:
https://www.accesswire.com/740319/1812-Brewing-Company-Achieves-Strong-Beer-Sales-Growth-in-First-Months-of-2023

FAQ

What sales growth did 1812 Brewing Company experience in early 2023?

1812 Brewing Company reported year-to-date sales at 283% of the same period in 2022.

Which new products are contributing to KEGS' sales growth?

The new Thousand Islands IPA and Wolves Den Cream Ale are driving sales growth.

How did the Brew Pub's revenue perform in early 2023?

The Brew Pub saw an 84% increase in revenue in January, with February already 14% higher than last year.

Which distributors is 1812 Brewing Company working with to increase sales?

1812 Brewing Company has partnered with TapRm.com and AJ Missert to expand its distributor network.

What is the stock symbol for 1812 Brewing Company?

The stock symbol for 1812 Brewing Company is KEGS.