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
The Boston Beer Company introduces Sun Cruiser Iced Tea & Vodka, a new hard iced tea with real ingredients, low calories, and no bubbles. Available in various flavors, the drink is set to roll out in 17 markets with national distribution later. Fans can enter to win a hot air balloon ride to view the upcoming solar eclipse.
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End-of-Day
0.25%
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Dave Burwick is retiring as President and CEO of The Boston Beer Company, with Michael Spillane set to take over on April 1, 2024. Under Burwick's leadership, the company's revenue doubled, and its stock delivered an average annual return of 12%, outperforming other U.S. beer producers. Burwick's strategic vision led to the success of billion-dollar brands like Twisted Tea and Truly, positioning Boston Beer as a major player in the 'beyond beer' market.
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Rhea-AI Sentiment
End-of-Day
-15.76%
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Boston Beer Company, Inc. (SAM) reported financial results for Q4 and full fiscal year 2023. Depletions and shipments decreased, net revenue declined, but gross margin improved. SAM generated $265M in operating cash flow, ended with $298.5M in cash, and no debt. SAM repurchased $128.5M in shares. Despite challenges, SAM aims for revenue and margin improvement in 2024.
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Rhea-AI Sentiment
End-of-Day
-15.76%
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Dogfish Head Cocktails launches two new higher-ABV recipes, Pineapple Orange Rum Mai Tai and Passion Fruit Citrus Vodka Mule. These ready-to-drink cocktails feature real spirits and fruit juices for unique flavor experiences. Available nationwide now.
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Rhea-AI Sentiment
End-of-Day
0.76%
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Dogfish Head Craft Brewery announces its lineup of spring-centric beers, including Mandarin & Mango Crush and a seasonal variety pack. The beers are available nationwide and feature label artwork by Methane Studios. Founder & Brewer Sam Calagione expresses excitement for the warmer weather and the new beer releases.
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Rhea-AI Sentiment
End-of-Day
-0.16%
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Truly Hard Seltzer launches a limited-edition Hot Wing Sauce flavor, catering to football fans with a unique game day addition. The new flavor combines the taste of hot wings with Truly's light seltzer base, offering a zesty kick. Available in a 4-pack, it aims to elevate the football watch party experience.
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Rhea-AI Sentiment
End-of-Day
-0.19%
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The Boston Beer Company announces the expanded distribution of its Slingers Signature Cocktails brand, quadrupling its footprint in the marketplace. The malt-based lineup of full-flavored, 8% ABV, cocktail-inspired drinks in a 24oz can will now be available in Ohio, Vermont, and Las Vegas, Nevada, as well as in the western and central regions of Pennsylvania. The brand's three recognizable flavors – Bahama Mama, Peach Screwdriver, and Pineapple Punch – will be rolled out in February and March. Tim Kerrigan, Assistant Head of Innovation at The Boston Beer Company, expressed excitement about the opportunity to connect with a wider variety of consumers in each of its local markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
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Samuel Adams and DraftKings Inc. present a Groundhog Day Prediction Pool for a chance to win a share of $10,000 in cash prizes by predicting the weather forecast. Customers can participate for free and answer a series of Groundhog Day and sports-related questions at Draftkings.com/samueladams. The event aims to celebrate Groundhog Day and showcase Samuel Adams Cold Snap beer.
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Rhea-AI Sentiment
End-of-Day
2.04%
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Samuel Adams introduces 'Due Date, Brew Date' to reward those who give up alcohol in support of their pregnant partner. The initiative offers a 40-week supply of Samuel Adams non-alcoholic Just the Haze IPA and a 6-pack of Boston Lager for expecting dads and non-carrying mothers who participate. Just the Haze has received several accolades, including a Silver at the 2023 World Beer Cup Awards and a Gold Medal in the Non-Alcoholic Beer Category at the 2022 Great American Beer Fest. The non-alcoholic beer category has seen a 49% increase in volume over the past 3 years, indicating a growing demand for no and low-alcohol beverages.
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Rhea-AI Sentiment
End-of-Day
3.76%
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Truly Hard Seltzer (Ticker: TRULY) is running the 'Truly Keep It Light Holiday Edition' contest, where holiday home lighting enthusiasts can enter to win $350 to cover their holiday utility bills. One grand prize winner will receive an epic energy-efficient holiday lighting display upgrade in 2024. The contest is open to all U.S. residents 21+ and aims to spread joy and holiday cheer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
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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.