Scottish-based BrewDog saw its sales rise by 55 per cent to £78million in the first half of this year, with UK sales surging by 83 per cent.
Earlier this year, BrewDog announced plans to open at least 17 new bars in the UK and around the world this year.
As part of these ambitious expansion plans, bars in Canary Wharf, London and Reykjavik, Iceland are among those set to open in the coming months.
Sales boost: Scottish-based BrewDog saw its sales rise by 55 per cent to £78million in the first half of this year
In an interim trading update, BrewDog said ‘heavy investment’ in the off-trade, such as partnerships with supermarkets Morrisons and Tesco, contributed to strong retail sales in the UK.
Revenues in BrewDog’s bar division rose by 92 per cent on a year ago, raking in an extra £10million for the group so far this year.
The group said its on-trade sales were also growing, thanks to ongoing partnerships with pub giants JD Wetherspoon and Greene King.
BrewDog co-founder James Watt said the group was at an ‘exciting and pivotal’ juncture.
He said: ‘We’ve established a solid and rapidly growing presence in the UK and the demand from Europe shows no signs of waning.
‘We’re making significant inroads in Asia and Australia, which I believe will begin to bear fruit in 2019.
‘Our US business is expanding at breakneck speed with new distribution points added every week.’
Hotel: BrewDog is opening what it calls the ‘world’s first beer hotel’ in Ohio later this month
Expansion plans: Earlier this year, BrewDog announced plans to open at least 17 new bars in the UK and around the world this year
Later this month, multi-national BrewDog is opening what it calls the ‘world’s first beer hotel’ in Ohio, following a crowdfunding appeal.
Each of the rooms in the new DogHouse Columbus hotel will have a minibar containing BrewDog beers.
BrewDog was founded in 2007 and has grown to become one of the most popular craft beers sold in UK supermarkets.
It has 46 bars around the world and shipped 344,387 hectolitres of beer last year – equivalent to 1.4million bottles.
Its most popular beer, Punk IPA, raked in £35.4million worth of sales for the business in 2017.
Almost a quarter of the business is now owned by private equity firm TSG Consumer Partners.
Business: BrewDog has 46 bars around the world and shipped 344,387 hectolitres of beer last year