Boston Beer (SAM) Q2 Earnings Miss Estimate, Shipments Dip 6.4%
SAMBoston Beer(SAM) ZACKS·2024-07-26 23:50

The Boston Beer Company, Inc. (SAM) posted disappointing second-quarter 2024 results, wherein the top and bottom lines missed the Zacks Consensus Estimate. Both net sales and earnings also declined from the year-ago period. Results were impacted by soft volume trends due to soft Truly Hard Seltzer performance. The craft brewer reported second-quarter earnings per share of $4.39 per share, which missed the Zacks Consensus Estimates of $4.99 per share and declined 7% year over year. Net revenues of $579.1 mil ...