Shares of Boston Beer Co (NYSE:SAM) rose in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 228.75% year over year to $5.26, which beat the estimate of $2.60.
Revenue of $545,080,000 higher by 64.89% from the same period last year, which beat the estimate of $477,280,000.
Outlook
Boston Beer Raises FY21 Adj. EPS Guidance From $20-$24 To $22-$26 vs $23.26 Est.
How To Listen To The Conference Call
Date: Apr 22, 2021
Time: 05:00 PM
ET Webcast URL: https://www.webcast-eqs.com/register/bostonbeer04222021/en
Technicals
52-week high: $1319.34
52-week low: $394.50
Price action over last quarter: Up 11.56%
Company Profile
Boston Beer is a leader in U.S. high-end malt beverages and adjacent categories, with strong positions in craft beer, hard cider, and hard seltzer. The firm sells an array of flavor variants and package sizes, predominantly centered around four priority brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer–its biggest growth engine. Its drinks are produced in both company-owned breweries as well as through third-party contract arrangements, and while the company primarily goes to market through independent wholesalers (as mandated by law), it operates a fairly large salesforce to induce demand across the value chain (distributors, retailers, and drinkers). The preponderance of revenue is generated domestically.
