Boston Beer Stock Price, News & Analysis

The Boston Beer Company (NYSE: SAM) reported Q3 2022 financial results, revealing a 6% decrease in depletions and a 1.4% increase in shipments compared to Q3 2021. Net revenue rose by 6.2% to $596.5 million. Despite a $27.1 million non-cash impairment charge, net income increased to $27.3 million, or $2.21 per diluted share. The company narrowed its fiscal 2022 guidance amidst ongoing supply chain challenges and inflationary pressures, projecting depletions and shipments to decrease 4% to 7% for the full year, while maintaining projected price increases of 4% to 5%.

Boston Beer Company celebrates the 300th birthday of Samuel Adams with a promotion offering free beers to individuals named Sam, Samuel, or similar variations on September 27. Founder Jim Koch honors Adams' revolutionary spirit and legacy, stating he always wanted to share a beer with him. Eligible drinkers (21+) can enter via CelebrateSams300th.com. This initiative not only commemorates an iconic historical figure but also strengthens brand engagement and community interaction.

Twisted Tea, the leading hard iced tea brand, has launched Twisted Tea Sweet Tea Whiskey in five markets: Massachusetts, Rhode Island, Ohio, Missouri, and Texas, along with military outlets. This limited-edition spirit, developed in partnership with Beam Suntory, features a blend of real brewed tea and whiskey, with an ABV of 32.5%. The 50mL, 750mL, and 1L bottles cater to consumer preferences. This launch is part of a strategic partnership announced in July 2021 aimed at expanding iconic brands into rapidly growing beverage segments.

The Boston Beer Company (NYSE: SAM) reported a mixed performance for Q2 2022. Net revenue reached $616.2 million, up 2.2% year-over-year, though depletions and shipments decreased by 7% and 1.1% respectively. The gross margin fell to 43.1%, down from 45.7% in Q2 2021, while net income declined to $53.3 million or $4.31 per diluted share. The company has reduced its full-year guidance for earnings per share, projecting $6.00 to $11.00, down from a previously expected $11.00 to $16.00. Chairman Jim Koch remains optimistic about long-term growth despite challenges.

The Boston Beer Company (NYSE: SAM) announced the launch of TeaPot, its first cannabis-infused iced tea line, set to debut in Canada in July. The inaugural product, Good Day Iced Tea, blends real lemon black tea with 5mg of THC from Pedro's Sweet Sativa, cultivated in Ontario. The cannabis beverage market in Canada has seen a surge of nearly 850% since 2020, and the company aims to innovate within this growing sector. Boston Beer emphasizes its commitment to developing products while awaiting U.S. regulatory progress in cannabis beverages.

On May 25, 2022, Truly Hard Seltzer is set to open its first brick-and-mortar location, Truly LA, in Downtown Los Angeles. The 8,000 square foot taproom will feature a dynamic atmosphere with exclusive flavors, a globally inspired food menu, and local live entertainment. Located at 218 Traction Ave, Truly LA aims to engage culture seekers and fans by offering a fully immersive experience that combines the brand's innovative seltzer offerings with artistic displays. This location marks a significant expansion for the Boston Beer Company, which now includes twelve hospitality venues.

The Boston Beer Company (NYSE: SAM) reported a challenging first quarter of 2022, with a 21.1% decrease in net revenue at $430.1 million, driven by a 25.1% drop in shipments. First quarter gross margin fell to 40.2%, down from 45.8% in 2021. The company also recorded a net loss of $2.0 million or $0.16 per share, contrasting with a profit of $65.6 million a year prior. Full-year estimates suggest depletions will increase 4% to 10% as supply chain issues improve.

Boston Beer Company (NYSE: SAM) announced Q4 and full-year 2021 results, reporting a net loss of $51.8 million, or $4.22 per diluted share, driven by a significant shipment decline of 24.5% and a 15% increase in depletions. For the full year, net revenue rose by 18.5% to $2.058 billion, but net income decreased by $177.4 million to $14.6 million, mainly due to $196.4 million in direct and indirect costs associated with slowing hard seltzer growth. The company anticipates a 4-10% increase in depletions and shipments for 2022, with guidance for earnings per diluted share between $11.00 and $16.00.