Boston Beer Co. (SAM) Tops Q1 EPS by 32c, Sales Light

Boston Beer Co. (NYSE: SAM) reported Q1 EPS of $1.00, $0.32 better than the analyst estimate of $0.68. Revenue for the quarter came in at $199.5 million versus the consensus estimate of $204.18 million.

Jim Koch, Chairman and Founder of the Company, commented, "I am proud that we continue to lead the craft industry in both innovation and variety. In the first quarter, our spring seasonal, Samuel Adams Cold Snap, a unique and approachable white ale brewed with a blend of exotic spices was well received by drinkers, retailers and distributors. Late in the first quarter, we had a smooth transition from Cold Snap to our Summer Seasonal, Samuel Adams Summer Ale, which is now in its twentieth year and still the leading Summer Seasonal beer in the craft industry. During the quarter, we rolled out our new session IPA, Samuel Adams Rebel Rider IPA, and our new double IPA, Samuel Adams Rebel Rouser IPA which complement our Samuel Adams Rebel IPA, a West Coast style IPA brewed with hops from the Pacific Northwest. Rebel continues to receive great support from distributors and on and off-premise retailers. We are pleased with the health of our brand portfolio and remain positive about the future of craft beer."

Boston Beer Co. maintains FY2015 EPS of $7.10-$7.50, versus the consensus of $7.59.

For earnings history and earnings-related data on Boston Beer Co. (SAM) click here.

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