Boston Beer Co. (SAM) Misses Q1 EPS by 46c
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BOSTON BEER REPORTS FIRST QUARTER FINANCIAL RESULTS
April 27, 2023 4:15 PM EDTBOSTON, April 27, 2023 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the first quarter ended April 1, 2023. Key results were:
First Quarter 2023 Summary:
Depletions decreased 6% and shipments decreased 7.6%Net revenue of $410.0 million decreased 4.7%Gross margin of 38.0%, inclusive of non-recurring charges with an unfavorable impact of 210 basis... More