Boston Beer up on increased revenue

Boston Beer reported third-quarter net revenue of $108.7 million, an increase of $7.6 million, or 8 percent, over the same period last year. Net income for the period was $10.4 million, or 72 cents per diluted share, an increase of $10.7 million, or 74 cents per diluted share, primarily as a result of increased core shipments and better margins. Chairman and founder Jim Koch said, “Our 6 percent depletions growth in the third quarter exceeded our expectations. We believe that these results continued the improved trends that we began to see towards the end of the second quarter.’’