Boston Beer NYSE: SAM said second-quarter demand remained challenging as declines in Twisted Tea and Truly continued to weigh on volume, even as Sun Cruiser and Angry Orchard posted growth and gross margin improved.
Boston Beer (SAM) came out with quarterly earnings of $3.65 per share, missing the Zacks Consensus Estimate of $4.77 per share. This compares to earnings of $5.45 per share a year ago.
The beverage company reported net income of $51.6 million as its shipment volume decreased 4.5% year-over-year.
Boston Beer Company is rated “Hold” due to fair valuation and weak technicals ahead of Q2 earnings. SAM faces demographic headwinds, negative FY26 EPS growth, and a challenging operating environment despite a strong balance sheet. Gross margin improved to 49.3% amid volume declines, but litigation expenses and high short interest add risk.
SAM is expected to post y/y sales and earnings declines in Q2 as weak demand, hard seltzer pressure, tariffs and higher spending weigh on the results.
SAM drives growth through product innovation, pricing actions and Beyond Beer expansion while improving margins with cost-saving initiatives.
SAM cuts its 2026 volume outlook after Q1 depletions and shipment fall, as key brands stay under pressure.
The Boston Beer Company, Inc. (SAM) Presents at 23rd annual dbAccess Global Consumer Conference Transcript
SAM's Sun Cruiser is surging in spirits RTDs as Beyond Beer beats traditional beer, but Truly's share slips and depletions fell 4%.
The Boston Beer Company, Inc. (SAM) Presents at Goldman Sachs Global Staples Forum 2026 Transcript
The Boston Beer Company, Inc. remains a reasonably priced growth stock despite recent earnings-driven pullback and sector-wide headwinds. SAM stock trades at 21.7x 2026 EPS and 8.9x projected adjusted EBITDA, with a strong balance sheet—zero debt and $164 million in cash. 2026 revenue and EPS are expected to decline slightly, but 2027 forecasts show a return to growth with EPS projected to rise 16%.
SAM misses Q1 estimates as revenues and EPS fall, with weak volumes and shipments prompting a lower 2026 outlook and continued demand softness.