Boston Beer Co. (SAM) Tops Q3 EPS by 32c
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Boston Beer Reports Third Quarter Financial Results
October 24, 2024 4:15 PM EDTBOSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the third quarter ended September 28, 2024. Key results were:
Third Quarter 2024 Summary:
Depletions decreased 3% and shipments decreased 1.9%Net revenue increased 0.6% to $605.5 millionGross margin of 46.3% up 60 basis points year over yearGAAP diluted earnings per share of $2.86, which includes a non-cash brand impairment charge of $2.49 per share recorded in the third quarter of 2024Non-GAAP diluted earnings per share of $5.35Year-to-date 2024 Summary:
Depletions... More