Boston Beer Co. (SAM) Tops Q2 EPS by 94c, Lifts Low End of Guidance

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Go back to Boston Beer Co. (SAM) Tops Q2 EPS by 94c, Lifts Low End of Guidance

Boston Beer Reports Second Quarter 2017 Results

July 27, 2017 4:15 PM EDT

BOSTON, July 27, 2017 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported second quarter 2017 net revenue of $247.9 million, an increase of $3.1 million or 1%, from the same period last year.  Net income for the second quarter was $29.1 million, or $2.35 per diluted share, an increase of $2.5 million or $0.29 per diluted share, from the second quarter of 2016.  This increase was primarily due to increases in net revenue and an increase in gross margin that were partially offset by increased advertising, promotional and selling expenses.

Earnings per diluted share for the 26-week period ended July 1, 2017... More