Boston Beer Company, Inc. (The)

212.98-9.75 (-4.38%)

Oct 29, 4:00:02 PM EDT · NYSE · SAM · USD

Upcoming Earnings

Report date

EPS

2.04 (1.30 ~ 2.50)

Revenue

443.99M (423.34M ~ 472.20M)

Key Stats

Market Cap

2.27B

P/E (TTM)

24.77

Basic EPS (TTM)

8.60

Dividend Yield

Recent Filings

8-K

10/20/25Oct 20, 2025

8-K

CFO RSU and $50M buyback plan

8/12/25Aug 12, 2025

Boston Beer granted CFO Diego Reynoso a $1.2 million RSU award on August 11, 2025, vesting fully on August 11, 2026, to aid retention amid the ongoing CEO transition. Separately, the company adopted a 10b5-1 plan that day to repurchase up to $50 million in Class A shares from September 29 to December 26, 2025. This dual move signals board confidence in leadership stability. Yet risks linger from the CEO shift.

8-K

CEO transition to founder Koch

8/1/25Aug 1, 2025

Boston Beer Company announced on August 1, 2025, that CEO Michael Spillane will step down effective August 15, 2025, for personal reasons, with no disagreements on operations. Founder Jim Koch, who led as CEO from 1984 to 2001, will resume the role on August 16, 2025, without compensation changes. Spillane stays on the board through 2026 and advises until March 31, 2026, at $905,000 annual salary through November 15, 2025, then $10,000 quarterly. Leadership returns to its roots amid industry dynamics.

10-Q

Q2 FY2025 results

7/24/25Jul 24, 2025

Boston Beer posted solid Q2 gains, with net revenue up 1.5% y/y to $587.9M on slight volume dip offset by pricing and mix, while gross profit surged 9.8% y/y to $292.5M as efficiencies and recipe tweaks trimmed costs 5.5% y/y. Operating income climbed 15.9% y/y to $82.1M, though ad spending rose 10.7% y/y to fuel brands like Sun Cruiser and Dogfish Head; diluted EPS hit $5.45, up 24.1% y/y, reconciling neatly with 11.1M shares. YTD, revenue grew 3.6% y/y to $1.04B, net income 30.7% y/y to $84.8M, with operating cash flow at $128.4M and free cash flow $104.3M (derived), bolstered by $212.4M cash and $150M revolver availability. Brewery impairments ticked up to $5.0M, yet liquidity stays strong. Tariffs pose a $15-20M headwind this year.

8-K

Q2 revenue up, margins expand

7/24/25Jul 24, 2025

The Boston Beer Company reported Q2 2025 net revenue of $587.9 million, up 1.5% year over year, despite a 5% drop in depletions from economic pressures and poor weather. Gross margin expanded to 49.8%, boosting net income to $60.4 million and EPS to $5.45. Volumes weakened, yet margin gains from efficiencies and pricing lifted earnings. Shipments will rebalance lower in H2.

About

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. Its flagship beer is Samuel Adams Boston Lager. The company offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names. It markets and sells its products to a network wholesaler in the United States, as well as wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other traditional and e-commerce retail outlets. It sells its products in Canada, Mexico, and internationally. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.

CEO

Mr. C. James Koch J.D.

IPO

11/21/1995

Website

https://www.bostonbeer.com

Employees

2,537

Sector

Consumer Defensive

Industry

Beverages - Brewers