Welcome to our dedicated page for Boston Beer news (Ticker: SAM), a resource for investors and traders seeking the latest updates and insights on Boston Beer stock.
Boston Beer Company (NYSE: SAM), brewer of Samuel Adams and pioneer in craft beverages, maintains this dedicated news hub for investors and industry followers. Access official press releases and curated analysis covering strategic developments across the company’s diverse portfolio of beers, ciders, and hard seltzers.
This resource provides essential updates including quarterly earnings announcements, new product launches, production innovations, and market expansion initiatives. Discover how SAM continues to shape the premium beverage sector through its hybrid brewing model and consumer-focused innovation strategies.
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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.
The Boston Beer Company (NYSE: SAM) reported Q3 2021 results with net revenue of $561.6 million, up 14% year-over-year, but faced a net loss of $58.4 million, driven by $133 million in costs due to slower hard seltzer growth. Year-to-date, the company saw revenue of $1.71 billion, a 34% increase. Despite gains in depletions and shipments (24% and 29.7% increases respectively), the hard seltzer category's unexpected slowdown significantly impacted performance. Guidance for 2021 projects earnings per diluted share between $2.00 and $6.00.
Deckers Brands (NYSE: DECK) has appointed David A. Burwick to its Board of Directors, replacing Brian A. Spaly, who opted out of reelection at the 2021 Annual Meeting. Burwick brings extensive experience from leadership roles at The Boston Beer Company and Peet's Coffee & Tea. His expertise in brand marketing and consumer products is expected to enhance Deckers' strategy for capturing market share. The management expressed gratitude to Spaly for his contributions since 2018.
The Boston Beer Company (NYSE: SAM) announced the withdrawal of its 2021 financial guidance due to a significant decline in hard seltzer market growth, forecasting over 100 million fewer cases sold than previously expected. The company anticipates incurring inventory write-offs and shortfall fees, leading to projected earnings per diluted share below the earlier estimate of $18.00 to $22.00. The next earnings call is scheduled for October 21, 2021, where further updates will be provided.
The Boston Beer Company announced the launch of Bevy Long Drink, a new beverage inspired by Finland's national cocktail, set to hit shelves in early November. Available in Sparkling Citrus Refresher and Sparkling Berry Refresher flavors, each drink contains 5.8% ABV and features a blend of citrus flavors and wild juniper berries. Bevy Long Drink will be the first Long Drink inspired beverage available in the U.S. without spirits, aiming to deliver refreshing flavor without gin. The launch continues Boston Beer’s commitment to innovation in the beverage industry.
The Boston Beer Company (NYSE: SAM) and PepsiCo announced a collaboration to produce HARD MTN DEW, a new alcoholic beverage featuring a 5% ABV targeting adults of legal drinking age. The partnership combines Boston Beer’s expertise in brewing and PepsiCo's iconic brand to meet evolving consumer tastes. The beverage will launch in early 2022, with both companies aiming to bring innovative offerings to the market. This venture reflects their commitment to enhancing consumer experiences and addressing current trends in the beverage industry.
