UPDATE: Boston Beer Co. (SAM) Tops Q3 EPS by 54c, Offers Guidance

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Go back to UPDATE: Boston Beer Co. (SAM) Tops Q3 EPS by 54c, Offers Guidance

BOSTON BEER REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS

October 20, 2022 4:15 PM EDT

BOSTON, Oct. 20, 2022 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the third quarter 2022 (13 weeks) and year to date 2022 (39 weeks) ended September 24, 2022.

Third Quarter 2022 Summary:

Depletions decreased 6% and shipments increased 1.4% compared to the third quarter of 2021Net revenue of $596.5 million increased 6.2% compared to net revenue realized in the third quarter of 2021Gross margin of 43.2%Net income of $27.3 million, which includes a non-cash impairment charge of... More