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.
Boston Beer Company, established in 1984, is a leading American brewery known for its flagship brand, Samuel Adams. Named after the American revolutionary patriot Samuel Adams, the company has expanded its portfolio to include a variety of high-end malt beverages such as craft beer, flavored malt beverages, hard cider, and hard seltzer. Boston Beer is recognized as the fourth largest brewer in the United States, with a significant presence in both domestic and international markets.
Core Brands:
- Samuel Adams: The original craft brew that started it all.
- Angry Orchard: A popular line of hard ciders.
- Twisted Tea: The leading hard iced tea brand in the country.
- Truly Hard Seltzer: A strong player in the rapidly growing hard seltzer category.
Business Model:
Boston Beer operates using a hybrid production model, combining in-house brewing facilities with third-party contract breweries. This approach enables the company to scale production efficiently while maintaining high product quality. The firm employs over 500 sales representatives to educate the market about its diverse product lines and collaborates with distributors to reach retailers and on-premises operators.
Recent Achievements:
In 2019, Boston Beer completed a merger with Dogfish Head Brewery, further solidifying its position in the craft beer market. The company continues to innovate, with recent launches such as TeaPot, a cannabis-infused iced tea brand, and ongoing partnerships like the Pan-Mass Challenge, where Samuel Adams serves as the official beer and non-alcoholic beverage sponsor.
Financial Condition:
Boston Beer maintains a robust financial footing, with a strong balance sheet and consistent revenue growth. The company reported a 3.9% increase in revenue for the first quarter of 2024, driven by higher shipment volumes and effective pricing strategies. The firm is also actively engaged in share repurchase programs to enhance shareholder value.
Current Projects:
Boston Beer is focused on expanding its product offerings and market reach. Key initiatives include Sippin’ & Flippin’, a month-long music celebration by Dogfish Head, and the introduction of new hard tea flavors like Twisted Tea's golf-themed innovation. Additionally, TeaPot continues to grow its cannabis-infused beverage lineup, recently adding Blackberry Rooibos to its offerings.
For more information, visit the company's official website at www.bostonbeer.com.
Boston Beer Company (NYSE: SAM) has amended its production agreement with Rauch North America Inc, resulting in increased production flexibility and more favorable termination rights in exchange for a $26 million cash payment. This will lead to a pre-tax contract settlement expense of $26 million ($1.70 after-tax per diluted share) in Q4 2024.
The company updated its 2024 guidance, maintaining estimates for depletions and shipments (down low single digits), price increases (2%), and gross margin (44% to 45%). The GAAP EPS guidance was revised to $3.80-$5.80 (from $5.50-$7.50), while Non-GAAP EPS remains at $8.00-$10.00. Shortfall fees are expected to impact gross margin by 65-75 basis points, with third-party production pre-payments affecting it by 95-105 basis points.
Twisted Tea Hard Iced Tea announces the return of its holiday advent calendar with an expanded '25 Days of Twistmas' edition, following last year's sold-out 12-day version. The -edition calendar features 25 tallboy cans (24oz) of various flavors including Original, Half & Half, Peach, Raspberry, Pineapple, Mango, and Mangonada. Available from November 12th at GiveThemBeer.com for $80, with multiple release dates through November 22nd. The nation's leading hard iced tea brand aims to deliver holiday cheer with one flavor discovery per day starting December 1st.
Dogfish Head, a subsidiary of Boston Beer Company (SAM), has launched a -edition '24 Days of Dogfish Head' holiday package priced at $99. Available on GiveThemBeer.com, each package includes 10 Dogfish Head beers, 8 pieces of merchandise, and 6 ready-to-drink canned cocktails. Featured products include their signature 60 Minute IPA and Strawberry Honeyberry Vodka Lemonade. The package also contains merchandise like can coolers and beer soap made with 60 Minute IPA.
Boston Beer Company (NYSE: SAM) reported Q3 2024 financial results with mixed performance. Net revenue increased 0.6% to $605.5 million despite a 3% decrease in depletions and 1.9% decrease in shipments. The company recorded a gross margin of 46.3%, up 60 basis points year-over-year. GAAP earnings per share was $2.86, including a $2.49 per share non-cash brand impairment charge primarily related to Dogfish Head. The company maintains strong financial position with $255.6 million in cash, no debt, and has repurchased $191.0 million in shares year-to-date. Full-year 2024 guidance projects depletions and shipments to decrease in low single digits, with gross margin expected between 44% to 45%.
Samuel Adams introduces a -edition At-Home Séance Kit for the spooky season, inviting beer lovers to share a cold Sam Adams with the spirit of Samuel Adams. Available for $18.03 at the Sam Adams Store, the kit includes items for conducting a séance at home, such as an instruction card, Sam Adams portrait, vials of Boston dirt and hops, special pint glasses, and a can-inspired candle.
To complement the séance experience, Samuel Adams recommends their seasonal brews, particularly the Octoberfest, a hearty Märzen with 5.3% ABV. Other fall offerings include the Beer Fest Variety Pack featuring Octoberfest, Jack-O Pumpkin Ale, Boston Lager, and Flannel Fest. Prices range from $9.99 for a 6-pack to $29.99 for a 28-pack.
The brand emphasizes that the Séance Kit is for entertainment purposes only, intended for adults over 21, and comes with no guarantees or warranties.
Samuel Adams Brewing the American Dream announces the launch of 'Our American Dream Cookbook', celebrating 40 years of craft beer revolution and over 15 years of supporting food and beverage entrepreneurs. The cookbook, to be published on October 1st, 2024, features 100+ recipes from 80 small business owners, showcasing their unique stories and culinary creations.
The cookbook offers a diverse range of recipes, from vegan dishes to regional specialties, accompanied by craft beer pairings. Jennifer Glanville Love, author and director at Boston Beer Company, emphasizes the cookbook's mission to inspire and support entrepreneurs. The book has received praise from industry figures like Elle Simone Scott and Kevin Johnson.
'Our American Dream Cookbook' will be available at major retailers and independent bookstores, with bulk sales handled by Simon & Schuster Distribution Services.
Truly Hard Seltzer introduces a new -edition 'Brunch Pack' featuring brunch-inspired flavors: Rosé-Style, Orange Mimosa-Style, Peach Bellini-Style, and Cran Sangria-Style. Available nationwide while supplies last. To celebrate, Truly is hosting a 'Truly Bottomless Brunch' pop-up event on October 5th in New York City, where guests must check their pants at the door. The event will be hosted by reality TV stars Serena Page and JaNa Craig.
Truly is also launching a 'Truly Brunch-O'clock' merchandise collection, including oversized tees, boxer shorts, and 'Truly Stemmies' - attachable stemware for Truly cans. The company aims to make brunch-inspired drinks available anytime, anywhere, catering to the popular brunch drinking occasion.
Dogfish Head announces the return of its iconic Punkin Ale for the 30th consecutive year, headlining its fall seasonal drink lineup. The 7.0% ABV brown ale, brewed with real pumpkin and spices, features new artwork by Methane Studios. Alongside Punkin Ale, Dogfish Head introduces:
1. Punkin Liqueur (30% ABV), a -edition spirit available only in Delaware.
2. Affogato World Wide Stout (15.0% ABV), a new variation of their Imperial Stout with espresso and vanilla notes.
3. Fall Variety Pack featuring the exclusive Tasty Traveler Jasmine Rice Lager (5.0% ABV), alongside 60 Minute IPA, SeaQuench Ale, and Blue Hen Pilsner.
These seasonal offerings cater to various tastes, from pumpkin enthusiasts to those seeking alternative fall flavors.
Samuel Adams, a brand of The Boston Beer Company, has won four Gold and Best in Country awards at the World Beer Awards in the U.K. The winning beers include:
- Samuel Adams American Light: Gold & Best in Country in Light Lager category
- Samuel Adams Just the Haze: Gold & Best in Country in No & Low Alcohol IPA category
- Samuel Adams Boston Lager: Gold & Best in Country in Amber Lager category
- Samuel Adams Summer Ale: Gold & Best in Country in Pale Ale Seasonal category
Samuel Adams American Light, launched earlier this year in 14 states and Washington, D.C., also won Bronze at the 2024 Australian International Beer Awards. The brand's success highlights Boston Beer's continued focus on crafting high-quality, innovative beers.
The Boston Beer Company (NYSE: SAM) has appointed Biz Stone and Joe Jordan to its Board of Directors, effective July 29, 2024. Stone, co-founder of Twitter and other tech ventures, will serve as an independent Class B Director on the Compensation and Nominating/Governance Committees. Jordan, currently President of U.S. and Global Services at Domino's, will serve as an independent Class A Director on the Audit and Compensation Committees.
Stone brings entrepreneurial and innovative experience, while Jordan offers expertise in brand management and consumer packaged goods. These appointments aim to strengthen the board's capabilities in technology, innovation, and industry knowledge. The move comes as part of Boston Beer's strategy to enhance its leadership in the craft brewing and 'beyond beer' product categories.
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