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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.

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.

News

Boston Beer Reports First Quarter Financial Results

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.
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TeaPot Releases New 'Good Evening Iced Tea' in Blackberry Rooibos

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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.
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Jim Beam Kentucky Coolers Welcomes Fresh Wave of Flavor with Four New Varieties

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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.
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TWISTED TEA HARD ICED TEA UNVEILS GAME-CHANGING TWIST FOR GOLFERS: CHEATER PANTS

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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.
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Samuel Adams Brewing the American Dream® Announces Funkytown Collaboration Brew as Applications Open for the 13th Brewing & Business Experienceship

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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.
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Dogfish Head Craft Brewery to Launch Sippin’ & Flippin’ Giveaway, Winner to Receive All-Expenses Paid Trip to a Concert of Their Choice

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.
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TRULY® HARD SELTZER BRINGS GOOD VIBES TO NEW HEIGHTS WITH THE NATIONAL LAUNCH OF TRULY® TEQUILA SODA

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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.
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The Boston Beer Company Launches Latest Innovation: Sun Cruiser Iced Tea & Vodka; Gives One Lucky Fan the Chance To “Cruise the Sun” During Upcoming Solar Eclipse from a Hot Air Balloon

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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The Boston Beer Company Announces CEO Succession Plan

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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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Boston Beer Reports Fourth Quarter Financial Results

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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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FAQ

What is the current stock price of Boston Beer Company (SAM)?

The current stock price of Boston Beer Company (SAM) is $302.77 as of December 20, 2024.

What is the market cap of Boston Beer Company (SAM)?

The market cap of Boston Beer Company (SAM) is approximately 3.5B.

What are the core brands of Boston Beer Company?

The core brands include Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer.

What recent achievements has Boston Beer Company made?

Recent achievements include the merger with Dogfish Head Brewery and the launch of TeaPot cannabis-infused iced tea.

How does Boston Beer Company distribute its products?

The company uses a hybrid model with in-house brewing and third-party contract breweries, along with over 500 sales representatives and distributors.

What is the financial condition of Boston Beer Company?

Boston Beer has a strong financial position with consistent revenue growth, reporting a 3.9% increase in the first quarter of 2024.

What new projects is Boston Beer Company working on?

New projects include the Sippin’ & Flippin’ music celebration by Dogfish Head and the expansion of TeaPot's cannabis-infused beverage lineup.

Where can I find more information about Boston Beer Company?

You can visit their official website at www.bostonbeer.com.

What is Sippin’ & Flippin’?

Sippin’ & Flippin’ is a month-long music celebration by Dogfish Head, featuring concerts and a nationwide giveaway.

What makes Twisted Tea unique?

Twisted Tea is known for its smooth, refreshing taste made with real brewed tea, available in various flavors.

Has Boston Beer Company engaged in any recent partnerships?

Yes, they have partnered with the Pan-Mass Challenge as the official beer and non-alcoholic beverage sponsor.

What is the latest product launch from TeaPot?

TeaPot has recently launched Blackberry Rooibos, a cannabis-infused iced tea designed for evening relaxation.

Stock SAM logo
Boston Beer Company

NYSE:SAM

SAM Rankings

#1523 Ranked by Market Cap
N/A Ranked by Dividends

SAM Stock Data

3.54B
8.64M
8.17%
76.01%
3.15%
Beverages - Brewers
Malt Beverages
Link
United States of America
BOSTON