Boston Beer (SAM) Boosts FY12 EPS View
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Price: $39.95 --0%
Financial Fact:
Sales and marketing: 242.9M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Sales and marketing: 242.9M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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The Boston Beer Company, Inc. (NYSE: SAM) now expects its 2012 earnings per diluted share range to be between $4.30 and $4.60, an increase from the previously communicated range of $3.80 to $4.20 and the consensus of $4.21.
This increase is primarily due to increased shipment volumes and the timing of certain selling, general and administrative expenses. The Company also now projects full-year depletions growth of between 11% and 13%, based on its analysis of year-to-date depletions versus 2011.
The Company's is increasing its 2013 depletions projection range to be between 10% and 15%, from its previously communicated growth of high single digits, based on its current depletions forecast for 2013. Actual results may vary materially from this projection.
This increase is primarily due to increased shipment volumes and the timing of certain selling, general and administrative expenses. The Company also now projects full-year depletions growth of between 11% and 13%, based on its analysis of year-to-date depletions versus 2011.
The Company's is increasing its 2013 depletions projection range to be between 10% and 15%, from its previously communicated growth of high single digits, based on its current depletions forecast for 2013. Actual results may vary materially from this projection.
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