Boston Beer Co. (SAM) Tops Q2 EPS by 26c; Maintains Outlook
Boston Beer Co. (NYSE: SAM) reported Q2 EPS of $2.18, $0.26 better than the analyst estimate of $1.92. Revenue for the quarter came in at $252.2 million versus the consensus estimate of $252.12 million.
Boston Beer Co. maintained FY2015 EPS of $7.10-$7.50, versus the consensus of $7.47.
Jim Koch, Chairman and Founder of the Company, commented, "Our total company depletion trends of 6% in the second quarter of 2015 have slowed in comparison to prior quarters due to some developing weakness in our Samuel Adams brand. 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 facing 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. We believe that craft beer will continue to grow and that we are positioned to share in that growth through the quality of our brands and beers, our innovation and speed to market capability and our sales execution, along with our strong financial position and ability to invest in growing our brands. We were delighted to learn that, for the seventh year in a row, our distributors ranked us the number one beer supplier in the industry, in the annual poll of beer distributors conducted by Tamarron Consulting, a consulting firm specializing in the alcohol beverage distribution industry. This is a testament to the efforts of all Boston Beer employees to service and support our distributors' businesses and to the relationships we have built with them."
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