Boston Beer Co. (SAM) Q4 Revenue Misses Views, FY EPS Guidance Comes in Light
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Boston Beer Reports Fourth Quarter 2017 Results
February 21, 2018 4:15 PM ESTBOSTON, Feb. 21, 2018 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported net revenue for the 13-week fiscal quarter ended December 30, 2017 of $206.3 million, a decrease of $13.1 million or 5.9% from the 14-week 2016 fiscal fourth quarter, mainly due to a decrease in shipments of 7.7%.  Net income for the 2017 fourth quarter was $30.5 million, or $2.57 per diluted share, an increase of $8.4 million or $0.82 per diluted share from the fourth quarter of 2016. This increase was primarily due to a favorable one-time impact of $1.72 per diluted share related to the Tax Cuts and Jobs Act of... More
