Boston Beer Co. (SAM) Misses Q4 EPS by 35c, Revs Beat

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Go back to Boston Beer Co. (SAM) Misses Q4 EPS by 35c, Revs Beat

Boston Beer Reports Fourth Quarter 2019 Results

February 19, 2020 4:15 PM EST

BOSTON, Feb. 19, 2020 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported fourth quarter 2019 net revenue of $301.3 million, an increase of $76.1 million or 33.8% from the fourth quarter of 2018, mainly due to an increase in shipments of 31.7%.  Net income for the fourth quarter was $13.8 million, or $1.12 per diluted share, a decrease of $8.0 million or $0.74 per diluted share from the fourth quarter of 2018.  This decrease was primarily due to increases in advertising, promotional and selling expenses and lower gross margins that were only partially offset by the increased revenue.

Earnings per diluted share... More