Boston Beer Co. (SAM) Tops Q3 EPS by 92c, Revenue Misses
Boston Beer Co. (NYSE: SAM) reported Q3 EPS of $4.25, $0.92 better than the analyst estimate of $3.33. Revenue for the quarter came in at $537.5 million versus the consensus estimate of $542.08 million.
GUIDANCE:
Boston Beer Co. sees FY2025 EPS of $7.80-$9.80, versus the consensus of $8.99.
| Full Year 2025 | Current Guidance | Prior Guidance |
| Depletions and Shipments Percentage Change | Down mid single digit | Down high single digit to down low single digit |
| Price Increases | 1% to 2% | 1% to 2% |
| Gross Margin (including Tariffs) | 47% to 48% | 46% to 47.3% |
| Advertising, Promotion, and Selling Expense Year Over Year Change ($ million) | $50 to $60 | $30 to $50 |
| Effective Tax Rate | 29% to 30% | 29% to 30% |
| EPS (including Tariffs) | $7.80 to $9.80 | $6.72 to $9.54 |
| Capital Spending ($ million) | $50 to $70 | $70 to $90 |
| Tariff Estimate | Current Estimate In Guidance | Prior Estimate In Guidance |
| Full year total cost impact ($ million) | $9 to $13 | $15 to $20 |
| Gross margin impact of tariffs (basis points) | 40 to 60 | 70 to 100 |
| EPS unfavorable impact of tariffs | $0.60 to $0.80 | $0.96 to $1.28 |
For earnings history and earnings-related data on Boston Beer Co. (SAM) click here.