Eastside Distilling, Inc. Provides Sales Guidance for the Fourth Quarter and Fiscal Year Ended December 31, 2019
January 31, 2020 at 02:45 am IST
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Eastside Distilling, Inc. provided sales guidance for the fourth quarter and fiscal year ended December 31, 2019. For the quarter, the company anticipates gross sales to be between approximately $4.0 to $4.7 million.
For the year, the company anticipates gross sales of $16.7 to $17.4 million, an increase of approximately 132% to 142% compared to fiscal year 2018 gross sales of $7.2 million.
Eastside Distilling, Inc. is engaged in producing craft spirits in Portland, Oregon. The Company operates through two segments: Craft Canning + Printing and Spirits. Its Craft Canning + Printing segment provides digital can printing services to customers in the craft beverage industry operating throughout the Pacific Northwest as well as other states. It also provides mobile canning services to the craft beverage industry in Oregon. In addition to these services, the Company offers co-packing services from a single fixed site in Portland, Oregon. It offers co-packing services for non-alcoholic canned beverages, including CBD soda waters in Portland, Oregon. Its Spirits segment manufactures, blends, bottles, markets and sells a variety of alcoholic beverages under brands in 23 states in the United States. Its portfolio includes originals like the Quercus garryana barrel-finished Burnside Whiskey family, Portland Potato Vodka, Hue-Hue Coffee Rum, Azunia Tequilas and Eastside Brands.
EASTSIDE DISTILLING, INC. 
