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Boston Beer Company - $SAM STOCK NEWS

Welcome to our dedicated page for Boston Beer Company news (Ticker: $SAM), a resource for investors and traders seeking the latest updates and insights on Boston Beer Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Boston Beer Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Boston Beer Company's position in the market.

Rhea-AI Summary

Dogfish Head Cocktails expands its lineup with the addition of a new Strawberry Lime Tequila Margarita, boasting a 12.0% ABV. The brand's RTD cocktails feature real spirits and fruit juices for a delicious summer experience. Dogfish Head introduces a unique tattoo giveaway event to celebrate the launch. The company's commitment to quality and innovation shines through its diverse portfolio of award-winning cocktails.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
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Rhea-AI Summary

Dogfish Head Craft Brewery celebrates '120 Day' by announcing the return of its fan-favorite 120 Minute IPA and unveiling new beer packaging artwork. The updated designs feature brighter graphics, unique illustrations, and an enlarged 'shark-and-shield' logo. Sam Calagione, the Founder & Brewer, expresses excitement over the new look, emphasizing the brand's nautical roots, flavor profiles, and iconic logo. The 120 Minute IPA, known for its high hop content and 15.5% ABV, is now available nationwide. The new packaging aims to enhance shelf visibility and provide clearer flavor expectations for consumers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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Rhea-AI Summary

Samuel Adams has entered a three-year partnership with the Pan-Mass Challenge (PMC) as the official beer and non-alcoholic beer provider. The sponsorship includes offering a variety of beer options at the event, supporting cancer research and treatment at Dana-Farber Cancer Institute. The PMC, a renowned athletic fundraiser, is close to reaching $1 billion in lifetime fundraising. The partnership aims to celebrate the dedication of participants and support the important cause of eradicating cancer.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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Rhea-AI Summary
Boston Beer Company, Inc. (NYSE: SAM) reported Q1 2024 results with flat depletions, 0.9% shipment increase, $426.1M net revenue, 43.7% gross margin, $12.6M net income, $1.04 EPS. Ended Q1 with $205.4M cash, repurchased $65M in shares. CEO optimistic about 2024 volume and EPS guidance. Depletions estimate down 2% year-to-date. Full-year 2024 projections unchanged except for effective tax rate increase. Company's cash balance, operating cash flows, and credit line deemed sufficient for future needs. Q1 saw decreased advertising expenses but increased general and administrative expenses. Effective tax rate higher at 33.0% compared to 27.8% in the prior year. Company repurchased $65M in shares year-to-date, remaining $201.5M on buyback limit. Full-year 2024 estimates include gross margin impact of shortfall fees and production pre-payments, with seasonal business fluctuations noted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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Rhea-AI Summary
TeaPot, the cannabis-infused iced tea brand from The Boston Beer Company, introduces its new Blackberry Rooibos style, a low-dose cannabis beverage designed for evening relaxation. The beverage is non-caffeinated, low in sugar, and contains 5mg of THC per 355 mL can, catering to consumers seeking a calming experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
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Rhea-AI Summary
Jim Beam introduces four new varietals of Ready-To-Drink beverages, Jim Beam Kentucky Coolers, in collaboration with The Boston Beer Company. The new flavors include Orange Crush, Peach Crush, Blueberry Lemonade, and Strawberry Lemonade, offering a refreshing and light drinking experience. These malt-based beverages aim to bring people together over delicious flavors and are now available in a convenient 12-pack format nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
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Rhea-AI Summary
Twisted Tea Hard Iced Tea introduces Twisted Tea Cheater Pants, a unique innovation providing golfers with an extra ball in their pants for a second chance on the course. Priced at $18.00 per pair, these -edition pants are available for purchase on the Tea Store. The pants feature a hidden magnet in a special pocket that releases the extra ball through a secret hole down the pant leg onto the green, allowing golfers to discreetly drop the ball wherever needed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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Samuel Adams offers craft brewers a unique opportunity through its Brewing & Business Experienceship program. The company opens applications for the annual program, providing mentorship and collaboration opportunities. The 2023 winner, Funkytown Brewery, is set to release a collaborative brew with Samuel Adams. This initiative, part of the Brewing the American Dream® program, aims to support food and beverage entrepreneurs nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
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Rhea-AI Summary
Dogfish Head Craft Brewery announces Sippin’ & Flippin’, a nationwide giveaway called, offering music-lovers the chance to win an all-expenses paid trip for two to a concert of their choosing. The event includes a partnership with Record Store Day, sponsored concerts, and events throughout April. Lucky winners who find golden records hidden in select record stores will win prizes and be entered for the grand prize trip. The promotion aims to celebrate the unique culture of independently owned record stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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Rhea-AI Summary
Truly Hard Seltzer launches Truly Tequila Soda, a spirits-based seltzer with real fruit juice, premium Tequila Blanco, and four delicious flavors. The product is now available nationwide in sleek cans, offering a light, refreshing taste experience with 5% ABV and 110 calories.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
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Boston Beer Company

NYSE:SAM

SAM Rankings

SAM Stock Data

3.27B
9.15M
7.72%
75.57%
2.09%
Breweries
Manufacturing
Link
United States of America
BOSTON

About SAM

The Boston Beer Company is an American brewery founded in 1984. Their first brand of beer was named Samuel Adams after Founding Father Samuel Adams, an American revolutionary patriot. Since its founding, Boston Beer has started several other brands, and in 2019 completed a merger with Dogfish Head Brewery. The Boston Beer Company is the fourth largest brewer in the United States with products available throughout the United States and internationally.