The Boston Beer Company Inc. (SAM)
Boston Beer initiated with a Hold at Needham
Needham initiated coverage of Boston Beer with a Hold rating and no price target. For the shares to work, the company is going to have to demonstrate the ability to grow volumes and expand margins, the analyst tells investors in a research note. The firm says that while Twisted Tea continues to gain market share and Truly has become a much less meaningful part of the portfolio, Boston Beer's sales growth algorithm is "simply too concentrated around one brand who plays in a category that will continue to see increased competition."
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Boston Beer's Strategic Moves With Hard Mtn Dew And Twisted Tea Position It For 2025 Gains, Analysts Say
Boston Beer Company, Inc. SAM reported third-quarter results, with net revenue increasing 0.6% to $605.5 million and a gross margin of 46.3%, rising 60 basis points year over year.
Boston Beer's Q3 Earnings Beat Estimates, EPS Guidance Narrowed
SAM's Q3 results reflect earnings growth, but challenges with Truly Seltzer and softer near-term category trends prompt a lower 2024 forecast.
The Boston Beer Company, Inc. (SAM) Q3 2024 Earnings Call Transcript
The Boston Beer Company, Inc. (NYSE:SAM ) Q3 2024 Results Conference Call October 24, 2024 5:00 PM ET Company Participants Mike Andrews - Associate General Counsel & Corporate Secretary Jim Koch - Founder & Chairman Michael Spillane - Chief Executive Officer Diego Reynoso - Chief Financial Officer Conference Call Participants Michael Lavery - Piper Sandler Rob Ottenstein - Evercore ISI Eric Serotta - Morgan Stanley Bonnie Herzog - Goldman Sachs Filippo Falorni - Citi Bill Kirk - Roth Capital Operator Greetings, and welcome to the Boston Beer Company Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Boston Beer (SAM) Q3 Earnings Top Estimates
Boston Beer (SAM) came out with quarterly earnings of $5.35 per share, beating the Zacks Consensus Estimate of $4.96 per share. This compares to earnings of $4.66 per share a year ago.
Are Investors Undervaluing The Boston Beer Company (SAM) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Why Boston Beer Stock Was Moving Higher Today
The alcohol company saw revenue decline but still beat estimates. Weakness in hard seltzer is still weighing on the business.
Boston Beer (SAM) Q2 Earnings Miss Estimate, Shipments Dip 6.4%
Boston Beer's (SAM) Q2 results reflect the impacts of soft shipment and depletion volumes due to continued headwinds in the hard seltzer category, which hurt the Truly Hard Seltzer brand.
Boston Beer Company: Hard Mountain Dew Is Still A Catalyst, 3 Analysts Cut Forecasts After Q2 Results
Shares of Boston Beer Company Inc SAM were climbing in early trading on Friday, after the company reported its second-quarter results.
