Boston Beer Reports Second Quarter 2016 Results
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Go back to Boston Beer Reports Second Quarter 2016 Results
July 22, 2016 10:01 AM EDT
Boston Beer Co. (NYSE: SAM) is strong in early trade following earnings after the close. Shares are up 14.2%.
Boston Beer Co. (NYSE:... More
July 22, 2016 7:20 AM EDT
Jefferies analyst Kevin Grundy bumped his price target on Boston Beer Company (NYSE: SAM) to $151.00 (from $145.00) following results by maintained a Hold rating.
Grundy commented, "SAM's 2Q EPS of $2.06 came in ahead of $1.91 Street est. as both revs (+2.6%) and OI margins (+70 bps) beat... More
July 21, 2016 4:19 PM EDT
Boston Beer Co. (NYSE: SAM) reported Q2 EPS of $2.00, $0.06 better than the analyst estimate of $1.94. Revenue for the quarter came in at $244.8 million versus the consensus estimate of $238.87 million.
GUIDANCE:
Boston Beer Co. sees FY2016 EPS of $6.70-$7.00, versus the consensus of $6.67.
Jim Koch, Chairman and Founder of the Company, commented, "Our total company depletion trends declined in the second quarter at a rate consistent with the first quarter trends, even as the better beer and craft categories appear healthy. Our Samuel Adams brand lost share of... More
