Boston Beer Shares Down 3% on Q1 Earnings Miss
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Boston Beer Co. (SAM) Misses Q1 EPS by $2.13, Offers Guidance
April 21, 2022 4:18 PM EDTBoston Beer Co. (NYSE: SAM) reported Q1 EPS of ($0.16), $2.13 worse than the analyst estimate of $1.97. Revenue for the quarter came in at $430.1 million versus the consensus estimate of $444.77 million.
GUIDANCE:
Boston Beer Co. sees FY2022 EPS of $11.00-$16.00, versus the consensus of $13.85.
The Company currently projects full-year 2022 Non-GAAP earnings per diluted share of between $11.00 and $16.00. This projection excludes the impact of ASU 2016-09... More
