Boston Beer Reports Third Quarter 2019 Results
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Boston Beer Co. (SAM) Tops Q3 EPS by 72c, Revenues Beat; Raises FY19 EPS Guidance
October 29, 2019 4:29 PM EDTBoston Beer Co. (NYSE: SAM) reported Q3 EPS of $3.65, $0.72 better than the analyst estimate of $2.93. Revenue for the quarter came in at $378.5 million versus the consensus estimate of $369.04 million.
Highlights of this release include:
Reported depletions increased 30% and 21% from the 13 and 39 week comparable periods in the prior year; excluding the addition of the Dogfish Head brands beginning July 3, 2019, depletions increased 24% and 19%, respectively.Reported shipments increased 19.1% and 21.5% from the 13 and 39 week comparable periods in the prior year; excluding the addition of the Dogfish Head brands beginning July 3, 2019, shipments increased 13.8% and 19.4%,... More