Boston Beer Co. (SAM) Shares Drop 8% on Q2 Earnings Miss and Lowered Guidance
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Boston Beer Co. (SAM) Misses Q2 EPS by 48c, Lowers Guidance
July 21, 2022 4:20 PM EDTBoston Beer Co. (NYSE: SAM) reported Q2 EPS of $4.31, $0.48 worse than the analyst estimate of $4.79. Revenue for the quarter came in at $655 million versus the consensus estimate of $628.99 million.
GUIDANCE:
Boston Beer Co. sees FY2022 EPS of $6.00-$11.00, versus the consensus of $11.67.
The Company currently projects full-year 2022 Non-GAAP earnings per diluted share of between $6.00 and $11.00 a change from the previous estimate of between $11.00 and $16.00. This projection excludes the impact of ASU 2016-09 and is highly sensitive to changes in volume projections particularly related to the hard... More
