Portland, Ore.-based Craft Brew Alliance Inc. (CBA) announced financial results for the fourth quarter and full year that ended Dec. 31, 2016.
“While our fourth quarter performance was disappointing, it does not diminish the milestones achieved in 2016 — from the series of agreements with [Anheuser-Busch], to the acceleration of our Kona Plus portfolio strategy, to the new thinking on our brewing footprint,” said Andy Thomas, chief executive officer of CBA, in a statement. “Looking forward, we are excited to build on the strength of Kona, which continues to distinguish itself in an increasingly competitive category.”