Boston Beer Earnings: Everything You Must Know Now
Boston Beer Co. Inc. (NYSE:SAM) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Boston Beer Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.93% to $0.51 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Rose 19.98% to $135.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Boston Beer Co. Inc. reported adjusted EPS income of $0.51 per share. By that measure, the company missed the mean analyst estimate of $0.60. It beat the average revenue estimate of $129.98 million.
Quoting Management: Jim Koch, Chairman and Founder of the Company, commented, “I am pleased that The Boston Beer Company achieved record depletions in the quarter as the health of our cider and tea brands offset slight softness with Samuel Adams. This is a testament to the hard work of our employees and wholesalers, and our continued brand innovation efforts. While we continue to experience increased competitive activities from both domestic specialty and craft beer brands that have made it challenging to grow Samuel Adams as fast as we would like, we remain positive about the future of craft beer and our potential for long term growth. I am pleased to report that Samuel Adams Boston Lager packaged in our new unique can will be available at wholesalers and retailers in May. Over the last two years we undertook a significant research effort to see if we could create a can that we felt was worthy of holding Samuel Adams beer. I wanted to ensure that the can we developed would deliver the same quality drinking experience as Samuel Adams in a glass or a bottle and would protect the balance and flavors of our beers. I look forward to enjoying Samuel Adams beer this summer in locations where bottles are not allowed.”
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