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Boston Beer soars on signs of improvement

  • Boston Beer (NYSE:SAM) races higher after the beer company smashes estimates with its Q2 report.
  • Though depletions were still down during the quarter, management advises that trends have improved.
  • Boston Beer increased the low end of its full year guidance range to $5.00-$6.20 from $4.20-$6.20.
  • Previously: Boston Beer beats by $0.94, beats on revenue (July 27)
  • SAM +13.68% AH to $154.20.

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The Boston Beer Company, Inc.