STOCK TITAN

1812 Brewing Company's Sackets Harbor Restaurant Revenues Increase 84%, 41%, 29% and 43% in 2023 vs. 2022 in Months of January, February, March & April, Respectively

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
KEGS Brew Pub sees strong sales in 2023, with a 44% increase in aggregate sales for the first four months compared to last year. Factors contributing to this include a wider selection of 1812 Brewing Company beers, aggressive marketing, international beer competition success, and a mild winter.
Positive
  • KEGS Brew Pub has experienced a 44% increase in sales for the first four months of 2023 compared to the same period last year. The success can be attributed to a wider selection of beers, aggressive marketing, international beer competition wins, and favorable weather conditions.
Negative
  • None.

KEGS Brew Pub (a/k/a Sackets Harbor) Restaurant Prepares for Strong In-Season Business with Revenue Projections in Excess of 7 Figures for the Calendar Year

WATERTOWN, NY / ACCESSWIRE / May 2, 2023 / 1812 BREWING COMPANY, INC. (OTC PINK:KEGS) (the "Company" or "KEGS") is pleased to announce that the Company's restaurant and pub (the "Brew Pub") has enjoyed strong 2023 sales vis-à-vis the same period in 2022. Aggregate sales for the first four months have increased approximately 44% over last year. Several factors have contributed to this, including the widest-ever selection of 1812 Brewing Company beers offered, more aggressive marketing and advertising, the continued success of 1812 Brewing Company's beers in international beer competitions, as well as a relatively mild winter.

"We are quite pleased with the stronger Brew Pub sales over these first four months of the year," stated Chairman and CEO Tom Scozzafava. "What we see are excited customers stopping in to try the great new beers on the board, with many of them staying to eat. When your products are winning awards against breweries from around the world, local and regional customers are getting in their cars to come by to try them in person."

The Brew Pub serves "upscale pub" fair for both lunch and dinner and is open seven days per week during the season. There are anywhere from 16 to 20 of 1812 Brewing Company beers on tap, with products also available to take home in cans and bottles. The Company's War of 1812 Amber Ale has won three golds, a silver and a bronze medal in the past months and its Thousand Islands IPA recently won a bronze medal in its first-ever contest.

Despite its recent strong sales, management continues to evolve and add new products to its Brew Pub menu. The Company recently purchased a 108" Lang Smoker Cooker (https://langbbqsmokers.com/) and Alto-Shaam smoker cooker (https://www.alto-shaam.com/en) and will be adding an entire smoked and barbeque facet to its menu.

1812 Brewing Company also recently announced that it has partnered with TapRm.com, a direct-to-consumer e-commerce and logistics company for distribution of War of 1812 Amber Ale that covers most areas of 45 states plus Washington DC. Customers can now order the 1812 Amber Ale directly for shipment to your home or restaurant at:

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

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.kegsnetwork.com/
https://www.facebook.com/kegsnetwork/
https://www.instagram.com/kegsnetwork/
https://twitter.com/kegsnetwork

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/752354/1812-Brewing-Companys-Sackets-Harbor-Restaurant-Revenues-Increase-84-41-29-and-43-in-2023-vs-2022-in-Months-of-January-February-March-April-Respectively

FAQ

What contributed to the increase in sales at KEGS Brew Pub?

The increase in sales can be attributed to a wider selection of beers, aggressive marketing, international beer competition wins, and a mild winter.

What is the current sales growth percentage at KEGS Brew Pub?

The sales growth percentage for the first four months of 2023 is approximately 44% compared to the same period last year.

Does KEGS Brew Pub offer take-home beer options?

Yes, KEGS Brew Pub offers its beers in cans and bottles for customers to take home.

What recent achievements has 1812 Brewing Company's War of 1812 Amber Ale received?

War of 1812 Amber Ale has won three gold medals, a silver medal, and a bronze medal in recent beer competitions.

Has 1812 Brewing Company expanded its menu at the Brew Pub?

Yes, 1812 Brewing Company has added a smoked and barbeque facet to its menu with the purchase of new smoker cookers.

1812 BREWING COMPANY INC

OTC:KEGS

KEGS Rankings

KEGS Latest News

KEGS Stock Data

1.08M
3.73B
Asset Management
Financial Services
Link
United States of America
Gouverneur