Boston Beer Co. (SAM) Tops Q1 EPS by 24c, Sales Miss; Guides In-Line
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Boston Beer Reports First Quarter 2017 Results
April 26, 2017 4:15 PM EDTBOSTON, April 26, 2017 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2017 net revenue of $161.7 million, a decrease of $27.1 million or 14% from the same period last year, mainly due to a decline in shipments of 15%, partially offset by price increases. Net income for the first quarter was $5.7 million, or $0.45 per diluted share, a decrease of $1.3 million or $0.08 per diluted share from the first quarter of 2016. This decrease was primarily due to decreases in net revenue and a decrease in gross margin that were only partially offset by... More
