Recent Updates — SAM

The Boston Beer Company reported third-quarter net revenue of $520.1 million, a 3.2% decline year over year, driven by a 4.9% drop in shipment volume across its core brands. GAAP diluted earnings per share were $4.21, including $0.16 per share in non-recurring litigation expenses related to a supplier dispute. The company raised its full-year gross margin guidance to 49%-50% and adjusted its non-GAAP EPS outlook upward to $9.00-$10.50 from the previous range of $8.50-$10.50, citing improved product mix and procurement savings that offset higher freight costs. Year-to-date net revenue fell 3.6% to $1.522 billion as the company navigates challenging consumer demand. The Boston Beer Company is a leading craft brewer in the United States known for brands including Samuel Adams, Truly Hard Seltzer, and Angry Orchard.

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.