date:May 09, 2014
rships.
* Gross margin rate of 28.5% to 30.5%. As we continue to optimize our brewing locations and improve our capacity utilization and efficiency, we expect our gross margin rate to expand 500-700 basis points over the next five years.
* SGA expense of $52 million to $54 million, primarily reflecting reinvestment into our sales and marketing infrastructure.
* Capital expenditures of approximately $15 million to $20 million, continuing our investments in capacity and efficiency improvements,