date:Nov 05, 2012
Boston Beer Co.'s (NYSE:SAM) third-quarter profit jumped 27% as the Sam Adams brewer reported a jump in volume and higher prices, helping to offset some increased spending on advertising and promotional efforts.
The craft-beer industry makes up a small percentage of the U.S. beer business, though demand in the higher-priced segment is growing rapidly as seasonal blends and other new flavors appeal to more consumers. Competition in the space has intensified as big brewers aggressively push their