- Boston Beer (NYSE:SAM) races 17% higher after topping expectations for Q2. Revenue growth and operating margin both came in ahead of estimates.
- The mid-point of Boston Beer's full-year EPS guidance ($6.40-$7.00) is right at the consensus mark of $6.70. Susquehanna analyst Pablo Zuanic is below the street average with a full-year EPS forecast of $6.32.
- From the Susquehanna note: "The wide implied guidance gap for 2H raises more questions than answers (as in the low end it implies worsening sales trends despite easier comps). On the other hand, management sounded more constructive about long-term cider category trends (it plans more support), and more in general noted markedly improved summer depletion trends (although it cautioned it was too early to call a turnaround)."
- Shares of SAM are over $190 for the first time since March. The 52-week high of $260.51 is still a long ways off.
- Previously: Boston Beer beats by $0.12, beats on revenue (July 21)
- Previously: Boston Beer higher after topping estimates (July 21)
Boston Beer spikes after earnings impress
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About SAM Stock
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Symbol | Last Price | % Chg |
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SAM | - | - |
The Boston Beer Company, Inc. |