Point Roberts, WA - March 6, 2013 (www.investorideas.com newswire, www.beveragestocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on wine and beverage stocks trading for March 6th, 2013.
Hangover Joe's Holding Corporation (OTCBB:HJOE) trading at $0.10 showed a gain of $0.01 or 10.56% on a volume of 41,507 shares and is today's top beverage stock to watch.
Hangover Joe's Holding Corporation engages in the production and sale of Hangover Recovery Shot, which focuses on relieving the symptoms associated with alcohol induced hangovers. The company sells its products primarily to convenience stores, liquor stores, and grocery stores through distribution agreements, as well as through its Website, hangoverjoes.com.
Willamette Valley Vineyard Inc., (NASDAQ:WVVI) trading at $4.47 rose by $0.18 or 4.20% on a volume of 4,506 shares.
Willamette Valley Vineyards, Inc., a producer of various wines including Pinot Noir, Chardonnay, Pinot Gris, Riesling, and Oregon Blossom under the Willamette Valley Vineyards label; Semi-Sparkling Muscat under the Tualatin Estate Vineyards label; and Syrah, Merlot, Cabernet Sauvignon, Cabernet Franc, The Griffin, and Viognier under the Griffin Creek label. The company owns, leases, or contracts for 791 acres of vineyard land. It also purchases and sells wine from other wine distributors and wineries.
Craft Brew Alliance Inc., (NASDAQ:BREW) trading at $6.84 moved up $0.09 or 1.33% on a volume of 8,962 shares.
One of Craft Brew Alliances subsidiaries, Kona Brewing Company, showed strong numbers for 2012 shipments which point to continued steady growth in its home market of Hawaii, the US mainland and abroad. Shipments totaled 220,000 barrels in 2012, representing a gain of 47,200 barrels or 27.3% over 2011's total of 172,800 barrels shipped. The Hawaii-based company also saw an 18% increase in shipments in its home market.
One of the major factors in Kona's 2012 success was the accelerated sales growth of the company's flagship Longboard Island Lager, a year-round beer representing more than 50% of Kona's shipment volume. In March 2012, the brewery began to offer Longboard Island Lager in cans, a move that was extremely well received as it expanded the occasions where "Liquid Aloha" could be enjoyed. The typical Kona consumer, who is active and on the go, enjoyed being able to take Kona where glass bottles often aren't allowed, such as at the beach or pool.
Brown Forman Corporation (NYSE:BF-A) trading at $69.12 dropped $-0.70 or -1.00% on a volume of 2,166 shares.
Brown-Forman Corporation earlier today reported financial results for its third quarter and the first nine months of fiscal 2013 ended January 31, 2013. Reported net sales increased 7% in the quarter1 to $1,027 million, while reported net sales growth was negatively impacted by the absence of Hopland-based wines, offset by favorable foreign exchange. Reported operating income increased 15% in the quarter to $237 million, and diluted earnings per share in the quarter increased 18% to $0.73 compared to $0.62 in the prior year period.
Some of the highlights for the year end were Jack Daniel's family of brands grew net sales 10%, the company's super and ultra-premium whiskey brands grew net sales 19%, El Jimador's family of brands grew net sales 7%, Finlandia's family of brands grew net sales 5%, as well as underlying operating income increased 13%, driven by strong top-line growth, gross margin expansion, and operating expense leverage.
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info