Why Boston Beer Stock Was Moving Higher Today
Boston Beer(SAM) The Motley Fool·2024-07-27 01:21
The Sam Adams parent is getting closer to returning to growth.Shares of Boston Beer (SAM 6.93%) were moving higher today after the parent of alcohol brands like Sam Adams and Truly hard seltzer posted better-than-expected results in its second-quarter earnings report, even though business continued to decline due to weakness in the hard seltzer category.As of 12:17 p.m. ET, the stock was up 6.1% on the news. Boston Beer is taking positive stepsThe quarterly report was far from stellar, but considering the c ...