Boston Beer Co. (SAM) Tops Q2 EPS, Revenue; Maintains Outlook
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BOSTON BEER REPORTS SECOND QUARTER FINANCIAL RESULTS
July 27, 2023 4:15 PM EDTBOSTON, July 27, 2023 /PRNewswire/ --- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for its second quarter that ended July 1, 2023. Key results were:
Second Quarter 2023 Summary:
Depletions decreased 3%Shipments decreased 4.5%Net revenue decreased 2.1% to $603.3 millionGross margin increased 230 basis points to 45.4%Net income increased 8.8% to $58.0... More