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Stone Brewing, Escondido, Calif., announced its first quarter results for fiscal 2017, reporting 18 percent growth versus the prior year. The company’s performance is outpacing both the year-to-date grocery craft category growth rate of 4.4 percent and the category’s 52-week growth rate of 6.4 percent, based on Chicago-based Information Resources Inc. (IRI) data, it says.
Stone Brewing’s growth is fueled by its core beers, it says. Stone IPA is up 8.2 percent, demonstrating continued opportunity to convert more to its iconic West Coast style. Stone Delicious IPA is up 142 percent for the same period. Stone buttressed these core beer advancements with the release of two new year-round beers: Stone Ripper and Stone Tangerine Express IPA.