Eastside Distilling Inc., Portland, Ore., reports net sales rose 18.8% to $3.74 million, but its year-earlier profit of $3.7 million was transmuted into a $2.07 million loss. The company’s earnings release did not explain the cause of the loss. , reports
In terms of volume, Eastside shipped 16% fewer cases than a year ago. It also took a special one-time charge to account for termination of its Redneck Riviera license termination and closing of its tasting room. Teh company also reported its Craft C&B margins were lower owing to reduced sales and higher expenses.