Boston Beer Reports First Quarter 2020 Results
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Boston Beer Co. (SAM) Misses Q1 EPS by 28c, Withdraws Guidance
April 22, 2020 4:17 PM EDTBoston Beer Co. (NYSE: SAM) reported Q1 EPS of $1.49, $0.28 worse than the analyst estimate of $1.77. Revenue for the quarter came in at $330.6 million versus the consensus estimate of $346 million.
The Company began seeing the impact of the COVID-19 pandemic on its business in early March. Prior to then, the Company was on track to maintain its financial guidance for full-year fiscal 2020. Depletions through the 9-week period ended February 29, 2020 are estimated by... More
