Recap: Boston Beer Co Q2 Earnings

Shares of Boston Beer Co SAM moved lower in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 2.66% over the past year to $4.75, which missed the estimate of $6.85.

Revenue of $602,805,000 higher by 33.32% from the same period last year, which missed the estimate of $665,250,000.

Outlook

Boston Beer Sees FY21 EPS $18-$22 vs $25.40 Estimate

How To Listen To The Conference Call

Date: Jul 22, 2021

Time: 05:00 PM

ET Webcast URL: https://www.webcast-eqs.com/register/bostonbeer20210722/en

Price Action

52-week high: $1349.98

Company's 52-week low was at $648.78

Price action over last quarter: down 25.53%

Company Profile

Boston Beer is a leader in U.S. high-end malt beverages and adjacent categories, with strong positions in craft beer, hard cider, and hard seltzer. The firm sells an array of flavor variants and package sizes, predominantly centered around four priority brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer—its biggest growth engine. Its drinks are produced in both company-owned breweries as well as through third-party contract arrangements, and while the company primarily goes to market through independent wholesalers (as mandated by law), it operates a fairly large salesforce to induce demand across the value chain (distributors, retailers, and drinkers). The preponderance of revenue is generated domestically.

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Posted In: EarningsBZI-Recaps
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