Boston Beer Reports First Quarter 2016 Results
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Go back to Boston Beer Reports First Quarter 2016 Results
April 22, 2016 10:13 AM EDT
Boston Beer Co. (NYSE: SAM) is seeing a notable reversal off earlier lows following dismal EPS after the close. Shares are down 7.6% after opening down 12.3%.
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April 21, 2016 4:20 PM EDT
Boston Beer Co. (NYSE: SAM) reported Q1 EPS of $0.53, $0.43 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $188.8 million versus the consensus estimate of $198.42 million.
GUIDANCE:
Boston Beer Co. sees FY2016 EPS of $6.50-$7.30, versus the consensus of $7.77.
Jim Koch, Chairman and Founder of the Company, commented, "Our total company depletion trends declined in the first quarter, even as the better beer and craft categories appear healthy. We believe Samuel Adams has lost share due to the increased competition and continued growth of... More
