Boston Beer Co. (SAM) Misses Q4 EPS by 99c

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Go back to Boston Beer Co. (SAM) Misses Q4 EPS by 99c

BOSTON BEER REPORTS FOURTH QUARTER FINANCIAL RESULTS

February 16, 2022 4:15 PM EST

BOSTON, Feb. 16, 2022 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the fourth quarter and full-year fiscal periods ended December 25, 2021. Key results were:

Fourth quarter depletions increased 15% and fourth quarter shipments decreased 24.5% compared to the quarter ended December 26, 2020. Fourth quarter net revenue of $348.1 million decreased 24.5% compared to the net revenue realized in the fourth quarter of 2020. Fourth quarter net loss of $51.8 million or $4.22 per diluted share, decreased from net income of $32.8 million or $2.64 per diluted share in the... More