Springdale brewery, distributor team up
Springdale-based craft brewery Core of Arkansas has signed a distribution deal with Glazer's Beer and Beverage, the beer-maker said Friday.
Dallas-based Glazer's operates distribution hubs in North Little Rock and Mountain Home and moves products throughout Arkansas, Texas, Oklahoma, Louisiana, Kansas and Iowa. Prior to the deal, Core of Arkansas, formerly known as Core Brewing and Distilling, distributed its own beer in Arkansas and parts of Oklahoma and southwest Missouri, according to a company spokesman.
"Glazer's is one of the finest wholesalers in Arkansas and we are incredibly excited about the potential of this partnership," Chris Reed, director of sales and marketing for Core, said in a statement. "Putting our distribution element in very capable and enthusiastic hands will free up our team to focus on our goal of creating beer worth staking our lives on."
In 2016, Core was the state's second-largest beer producer, operating under both small-brewery and microbrewery restaurant permits. It reported producing 4,240 barrels or 131,453 gallons for the same period. Little Rock-based Lost Forty was first, and Rogers-based Ozark Beer Co. was third.
In addition to its sale of beer in cans and kegs, Core operates nine Core Public Houses throughout the state.
-- John Magsam
Simmons Bank sets 2Q earnings release
Simmons First National Corp. will release its second-quarter earnings report on Monday after the market closes, the Pine Bluff bank said.
A conference call discussing the quarter's results will be held at 9 a.m. on Tuesday. To access the call, interested parties may dial (866) 298-7926 and provide a conference identification number, 449-6437.
Analysts are projecting that Simmons will report net income of 58 cents per share for the quarter.
Simmons is the third-largest bank in Arkansas with $15.6 billion in assets.
It has about 2,700 employees at about 200 locations in Arkansas, Colorado, Kansas, Missouri, Oklahoma, Tennessee and Texas.
-- David Smith
Arkansas Index falls 1.15, ends at 438.66
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 1.15 to 438.66 Friday.
Eleven stocks declined, four rose and one was unchanged.
Total volume for the index was 19.7 million shares. The average daily volume for the week was 21 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 07/21/2018