Boston Beer Co. (SAM) Tops Q1 EPS by 48c, FY Guidance Tops Views
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Boston Beer Reports First Quarter 2018 Results
April 25, 2018 4:15 PM EDTBOSTON, April 25, 2018 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2018 net revenue of $190.5 million, an increase of $28.8 million or 17.8% from the same period last year, mainly due to an increase in shipments of 15.0%.  Net income for the first quarter was $9.3 million, or $0.78 per diluted share, an increase of $3.6 million or $0.33 per diluted share from the first quarter of 2017. This increase was primarily due to increases in net revenue and gross margin that were only partially offset by increases in advertising, promotion and selling expenses.
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