Boston Beer Reports Fourth Quarter 2019 Results
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Boston Beer Co. (SAM) Misses Q4 EPS by 35c, Revs Beat
February 19, 2020 4:22 PM ESTBoston Beer Co. (NYSE: SAM) reported Q4 EPS of $1.12, $0.35 worse than the analyst estimate of $1.47. Revenue for the quarter came in at $301.3 million versus the consensus estimate of $280.55 million.
Jim Koch, Chairman and Founder of the Company, commented, "We are happy to report 25% fourth quarter depletions growth, of which 19% is from Boston Beer legacy brands and 6% is from the addition of Dogfish Head brands. We are making good progress on the Dogfish Head integration and have merged our sales forces and our business processes and systems. We have learned a... More
