Boston Beer Co. (SAM) Tops Q3 EPS by 16c; Guides FY In-Line

Boston Beer Co. (NYSE: SAM) reported Q3 EPS of $2.85, $0.16 better than the analyst estimate of $2.69. Revenue for the quarter came in at $293.1 million versus the consensus estimate of $288.03 million.

Boston Beer Co. sees FY2015 EPS of $7.00-$7.40, versus the consensus of $7.36.

Jim Koch, Chairman and Founder of the Company, commented, "Our total company depletion trends of 6% in the third quarter of 2015 matched our year to date trends but represent a slowing from our expectations, primarily as a result of weakness in our Samuel Adams brand due to increased competition and a slowing in the cider category. While our total growth is testament to our strategy of a diversified brand portfolio, our Samuel Adams trends appear to represent a very competitive category, where drinkers are seeing greatly increased choices and established brands are being impacted. We believe that quality, freshness, innovation and variety will be the basic requirements for success in this environment. During the fourth quarter, we expect to introduce new styles to the Samuel Adams Rebel IPA family including the national draft launch of Rebel Grapefruit, a grapefruit IPA featuring Mosaic hops, and the introduction of Rebel Raw, an unfiltered double IPA that will be available on a very limited basis and only in 16 ounce cans with 35 day freshness coding. We're energized by the challenges and excited by the planned introduction of our Samuel Adams Nitro series in the first quarter of 2016. We remain confident about the long-term outlook for the craft category and our Samuel Adams brand."

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

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