Boston Beer Co. (SAM) Misses Q3 EPS by 14c

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Go back to Boston Beer Co. (SAM) Misses Q3 EPS by 14c

Boston Beer Reports Third Quarter 2018 Results

October 25, 2018 4:15 PM EDT

BOSTON, Oct. 25, 2018 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported third quarter 2018 net revenue of $306.9 million, an increase of $59.8 million or 24.2% from the third quarter of 2017, mainly due to an increase in shipments of 23.5%.  Net income for the third quarter was $38.0 million, or $3.21 per diluted share, an increase of $4.3 million or $0.43 per diluted share from the third quarter of 2017.  This increase was primarily due to increases in net revenue and lower income taxes that were partially offset by increased advertising, promotional and selling expenses and lower gross... More