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More on Boston Beer (SAM): Q1 comes in mixed, beating on top line sales but coming up short on...

More on Boston Beer (SAM): Q1 comes in mixed, beating on top line sales but coming up short on its bottom line. Net profit dropped 7.8% as higher brewing costs weighed on margins. Operating margins came in at 49.9%, far off the company's target of around 53% to 55%. Additionally, in its call, management warns that competition in the space has intensified as both big and small brewers are aggressively pushing their craft brands. To combat the threat, SAM has beefed up its marketing efforts. Consequently, ad, promotional and selling expenses climbed 19% Y/Y. Earnings Call Webcast.

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Comments (2)
  • stan5g
    , contributor
    Comments (8) | Send Message
     
    I have liked both the stock and the beer for a long time. BUT, I continue to be concerned by the massive stock sell-off by Jim Koch and other principals. Such divestiture surely has an effect upon motivation and interest, and cause others in the organization to wonder about the future. Case in point: take a look at operational results.
    1 May 2013, 10:09 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5777) | Send Message
     
    I think someone will buy (SAM) at one point.
    1 May 2013, 10:29 PM Reply Like
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