Boston Beer Q1 Revenue, Adjusted EPS Miss Estimates; FY Guidance Issued
SAM sits 22% above its 52-week low of $185.335.
Summary
The Boston Beer Company reported first-quarter revenue of $433.9 million, falling short of the IBES estimate of $436 million. Adjusted earnings per share (EPS) of $1.64 also missed analyst expectations of $1.97, with a GAAP EPS of -$13.88. This Q1 performance indicates a weaker start to the year than anticipated by the market. The company also provided full-year adjusted EPS guidance of $8.50 to $10.50. Traders will likely react negatively to the earnings miss, and attention will now turn to the company's outlook and any further details from management regarding sales trends and profitability.
At the time of this announcement, SAM was trading at $226.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $185.34 to $264.46. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.