Boston Beer Co. (SAM) Misses Q3 EPS by 12c; Guides In-Line

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Go back to Boston Beer Co. (SAM) Misses Q3 EPS by 12c; Guides In-Line

Boston Beer Reports Third Quarter 2016 Results

October 20, 2016 4:16 PM EDT

BOSTON, Oct. 20, 2016 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported third quarter 2016 net revenue of $253.4 million, a decrease of $39.7 million or 14% from the third quarter of 2015, mainly due to a decline in shipments of 12% and decreased revenue per barrel due to product mix.  Net income for the third quarter was $31.5 million, or $2.48 per diluted share, a decrease of $0.37 per diluted share from the third quarter of 2015.  This decrease was primarily due to decreases in net revenue and a decrease in gross margin, partially offset by decreased advertising, promotional and... More