Boston Beer Company Inc

NYSE:SAMUnited States

Yesterday

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• DJ Twisted Tea Is Crushing It For Boston Beer -- Market Talk, from 8 hours ago by Dow Jones

  8 hours ago by Dow Jones
  Companies Mentioned: SAM
  
  1844 ET - Boston Beer has bucked a multi-quarter streak of declining shipments, and its Twisted Tea brand seems to be entirely responsible. CFO Diego Reynoso says on a call with analysts that the company's 0.9% increase in shipments was due to growth in Twisted Tea, which offset declines in Truly Hard Seltzer and Boston Beer's other brands. Sales of the alcoholic iced-tea beverage were up 21% in 1Q, and the company says it's still gaining shelf space. Depletions were flat for 1Q, also breaking a streak of declines. Boston Beer shares rise 4.4% to $300 after-hours. (ben.glickman@wsj.com; @benglickman)
  

• DJ Boston Beer's Stock Surges After A Surprise Profit, As Increases In Twisted Tea Shipments Offset Declines In Truly -- MarketWatch, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: SAM
  
  Shares of Boston Beer Co. (SAM) jumped 9.8% in premarket trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose above forecasts, fueled by volume increases, pricing and lower returns. The company swung to net income of $12.6 million, or $1.04 a share, from a loss of $9 million, or 73 cents a share, in the same period a year ago. That beat the FactSet consensus for a per-share loss of 3 cents. Revenue grew 3.9% to $452.2 million, well above the FactSet consensus of $412.5 million. Depletions were flat, while shipment volume was up 0.9% to about 1.6 million barrels, as growth in Twisted Tea offset by declines in Truly Hard Seltzer and other brands. Gross margin improved by 5.7 percentage points to 43.7%, fueled by price increases. For 2024, the company affirmed its outlook for earnings per share of $7 to $11, for price increases of 1% to 2% and for gross margin of 43% to 45%. The stock closed the regular session down 2.1%, and has dropped 16.9% year to date, while the S&P 500 has gained 5.8%.
  

• -- Earnings Flash (SAM) BOSTON BEER COMPANY Posts Q1 Revenue $426.1M, from 10 hours ago by MT Newswires

  10 hours ago by MT Newswires
  Companies Mentioned: SAM
  04:25 PM EDT, 04/25/2024 (MT Newswires) -- ...

• Boston Beer Reports First Quarter Financial Results, from 10 hours ago by GlobeNewswire

  10 hours ago by GlobeNewswire
  Companies Mentioned: SAM

• *DJ Boston Beer 1Q EPS $1.04 >SAM, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: SAM