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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

Dogfish Head Wants to Cure Those Cold-Weather Blues with an Announcement of its Springtime Brews

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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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HOT WINGS MEET HARD SELTZER! TRULY HARD SELTZER SPICES UP GAME DAY WITH FIRST-EVER HOT WING-INSPIRED SELTZER

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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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The Boston Beer Company’s Slingers Signature Cocktails™ Enters Phase Two of Test Launch, Expanding Distribution from 3 to 19 Wholesalers

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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.
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Samuel Adams and DraftKings Team Up For First-Of-Its-Kind Fan Prediction Pool For Groundhog Day

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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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Samuel Adams Debuts ‘Due Date, Brew Date’ to Rally Expecting Couples to Embrace a Booze-Free Bond In Solidarity of Their Pregnant Partner

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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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KEEP IT LIGHT THIS HOLIDAY SEASON: TRULY HARD SELTZER WANTS TO PAY THE UTILITY BILL FOR YOUR HOLIDAY LIGHTS DISPLAY

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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.
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UTOPIAS 2023 CONTINUES THE SAMUEL ADAMS 20+ YEAR TRADITION AS ONE OF THE WORLD'S STRONGEST BEERS

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Samuel Adams Utopias 2023, a highly sought-after beer, has been released. It is a blend of multiple batches of the brewery's previous Extreme Beers, aged in various types of barrels. The beer is brewed in Ohio, aged in Pennsylvania, blended in Massachusetts, and bottled in Delaware. It is recommended to be served in a two-ounce portion at room temperature. Utopias 2023 is priced at $240 per 24.5-ounce bottle and is available in select specialty beer and liquor stores. However, it is banned in 15 states due to its high alcohol level of 28% ABV.
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BOSTON BEER REPORTS THIRD QUARTER FINANCIAL RESULTS

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The Boston Beer Company reported its financial results for Q3 2023. Depletions decreased 6% on a fiscal calendar basis, while net revenue increased 0.9% to $601.6 million. Gross margin increased 250 basis points to 45.7%. The company generated $131.3 million in operating cash flow and ended the quarter with $310.8 million in cash and no debt. The CEO stated that they are pleased with their performance and plan to continue investing in their brands for long-term growth.
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Samuel Adams Just Unlocked Beer Lovers' Phobia: Cenosillicaphobia

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Samuel Adams introduces Beer Fest, Fear Fest, an OctoberFest-themed haunted experience. Drinkers challenged to carry a full pint glass through jump scares. One winner each week gets a season's supply of OctoberFest beer.
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SUMMER AND SELTZER SEASON LIVE ON! TRULY HARD SELTZER CELEBRATES RETURN OF FAN-FAVORITE FLAVOR, TRULY ROSÉ, IN NEWEST LIMITED RELEASE

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Truly introduces new mix pack with the return of Truly Rosé and three new flavors, giving fans plenty to celebrate as they extend the good vibes of summer into fall festivities.
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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 $318.17 as of November 15, 2024.

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

The market cap of Boston Beer Company (SAM) is approximately 3.6B.

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

#1514 Ranked by Market Cap
N/A Ranked by Dividends

SAM Stock Data

3.63B
9.42M
8.17%
76.15%
3.36%
Beverages - Brewers
Malt Beverages
Link
United States of America
BOSTON