On August 17, 2026, Diego Reynoso stepped down as Treasurer and Chief Financial Officer of The Boston Beer Company, Inc., with a transition period ending September 30, 2026. On August 20, 2026, the Board appointed Matthew D. Murphy, currently Chief Accounting Officer, as interim CFO effective September 15, 2026. Mr. Murphy’s compensation includes an unchanged annual base salary of $419,359.41 and a target equity value of $250,000. He is eligible for a cash transition bonus of up to $700,000 payable in four installments through March 2028 contingent on continued employment. The Boston Beer Company operates in the beverage alcohol industry, brewing and marketing craft beers.

The Boston Beer Company reported second quarter 2026 net revenue of $568.3 million, a 3.3% decrease year-over-year, with GAAP diluted EPS of $4.96. Year-to-date net revenue was $1.002 billion, down 3.8%, with a GAAP diluted loss per share of $8.99 driven by $192.6 million in non-recurring litigation expenses from a supplier dispute. The company repurchased $54.1 million in shares year-to-date and ended the quarter with $265.5 million in cash and no debt. Full-year 2026 GAAP EPS guidance was updated to a range of ($6.23) to ($4.23), while Non-GAAP EPS guidance remains $8.50 to $10.50. The company operates in the beverage industry, producing craft beer, hard cider, hard seltzer, and hard tea.