Reported 2 days ago
Boston Beer (NYSE: SAM) saw its stock rise by 4.7% today after releasing a fourth-quarter earnings report that exceeded revenue expectations, achieving $402.3 million against an anticipated $389.2 million. Despite ongoing challenges, such as declining Truly Hard Seltzer sales, the company reported improved gross margins and flat depletions, indicating a potential recovery. Looking ahead, Boston Beer anticipates flat depletions and slight revenue growth for 2025, although earnings guidance was below market expectations.
Source: YAHOO