Schubros Brewery Beats the Street - Alcosta Boulevard That Is
Schubros Brewery beat already raised 2012 forecasts by 11 cents, announcing fully diluted losses of ($0.30) versus an expected ($0.41). They also announced that February 2013 should prove profitable, hitting that monthly mark a year early.
Management credited the results to improved gross profit margins due to aggressive cost control and highly focused marketing and sales spend. They also announced that February 2013 will show a net profit, besting initial forecasts for the first profitable month by over a year. However, Ian Schuster, Schubros’ president quickly added, “We are already reinvesting this cash in medium and long-term growth initiatives, which for the next several months will show a return to short-term net losses.”
Schubros Brewery LLC shares are currently trading at $1.82, 82% above its initial offer price from January 31st, 2012. The company which makes Nico American Wheat, 680 IPA, and Diablo Dark (stout) is private, however abides by Wall Street accounting principles whenever possible and hosts its own internal trading marketplace.