Form 8-K BOSTON BEER CO INC For: Jan 13
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Boston Beer Co. (SAM) Lowers FY21 EPS Guidance
January 13, 2022 5:29 PM ESTBoston Beer Co. (NYSE: SAM) disclosed:
Full Year 2021 Projections
Since the Companys last guidance update on October 21, 2021 for fiscal year 2021 financial performance, consumer demand for the Companys products, as evidenced by depletion growth, has been at the high end of the Companys expectations. However, the Company now estimates that shipment growth for the Companys products and gross margins will be below guidance. The estimated lower shipment growth is primarily a result of more aggressive wholesaler inventory reduction than expected, primarily affecting Truly. Additionally, due to higher than expected supply chain costs,... More
