Benzinga | Jul 23, 2020 04:48PM EDT

Boston Beer Co: Q2 Earnings Insights

Shares of Boston Beer Co (NYSE:SAM) increased 3.45% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 108.55% over the past year to $4.88, which beat the estimate of $2.42.

Revenue of $452,138,000 up by 42.00% from the same period last year, which beat the estimate of $429,580,000.

Outlook

Boston Beer Co hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 23, 2020

Time: 05:00 PM

ET Webcast URL: https://webcasts.eqs.com/register/bostonbeer20200723/en

Price Action

Company's 52-week high was at $666.20

52-week low: $290.02

Price action over last quarter: Up 51.62%

Company Profile

Boston Beer is a leader in U.S. high-end malt beverages and adjacent categories, with strong positions in craft beer, hard cider, and hard seltzer. The firm sells an array of flavor variants and package sizes, predominantly centered around four priority brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Its drinks are produced in both company-owned breweries as well as through third-party contract arrangements, and while the company primarily goes to market through independent wholesalers (as mandated by law), it operates a fairly large salesforce to induce demand across the value chain (distributors, retailers, and drinkers). The preponderance of revenue is generated domestically.