Boston Beer Posts Q3 EPS of $4.21
SAM sits 23% above its 52-week low of $158.68.
Summary
Boston Beer reported third-quarter adjusted earnings per share of $4.37, with the headline EPS figure at $4.21. Third-quarter revenue came in at $520.1 million and net income at $43.2 million. The company guided to a full-year loss per share of $5.76 to $4.26. Context matters here: the last reported quarter (Q2, filed July 23) showed a $192.6 million litigation charge that drove a $93.7 million first-half loss, with volumes falling across key brands and tariffs adding cost pressure. This is the first hard earnings number since that charge, and it lands while the CFO transition announced in the August 20 8-K is still underway.
At the time of this announcement, SAM was trading at $195.72 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2B. The 52-week trading range was $158.68 to $264.46. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.