Boston Beer Q4 net loss $11.4M; depletions down 3%; FY2023 EPS guidance $6-$10

BOSTON BEER CO INC

2022-FY EPS reported $5.44 revenue$2,090,334,000

Q4 net loss $11.4M ($0.93 diluted loss) vs net loss $51.8M ($4.22 loss) a year ago.
Net revenue $447.5M, +28.6% YoY; gross margin 37.0% vs 28.7%.
Full year 2022 depletions -5% (52-week: -6%); shipments -3.8% (52-week: -4.6%).
FY2023 guidance: depletions/shipments -2% to -8%; gross margin 41%-43%; GAAP EPS $6-$10.
Cash $180.6M, no debt; repurchased $8.9M in shares Jan 3-Feb 10, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BOSTON BEER CO INC reported the full fiscal year 2022 ended December 31, 2022 results: revenue $2.090 billion, net income Net income of $67.3 million, EPS $5.44.

Period: the full fiscal year 2022 ended December 31, 2022
Revenue: $2.090 billion
Net income: Net income of $67.3 million
EPS: $5.44
Result: reported results

Exact text from the filing

decreased 5%. Depletions decreased 6% on a 52-week comparable basis • Shipments decreased 3.8%. Shipments decreased 4.6% on a 52-week comparable basis • Net revenue of $2.090 billion increased 1.6% • Gross margin of 41.2% • Net income of $67.3 million • GAAP diluted earnings per share of $5.44, which includes a non-cash impairment charge of $1.61 per share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BOSTON BEER CO INC reported the fiscal fourth quarter 2022 ended December 31, 2022 results: revenue $447.5 million, net income Net loss of $11.4 million, EPS $0.93 per diluted share.

Period: the fiscal fourth quarter 2022 ended December 31, 2022
Revenue: $447.5 million
Net income: Net loss of $11.4 million
EPS: $0.93 per diluted share
Result: reported results

Exact text from the filing

increased 3%. Depletions decreased 3% on a 13-week comparable basis • Shipments increased 16.7%. Shipments increased 10.9% on 13-week comparable basis • Net revenue of $447.5 million increased 28.6% • Gross margin of 37.0% • Net loss of $11.4 million • GAAP diluted loss per share of $0.93 Full Year 2022 Summary: • Depletions decreased 5%. Depletions decreased

View on SEC.gov

Browse all earnings releases →

BOSTON BEER CO INC filing history →

Source: SEC EDGAR

accession 0000950170-23-002905

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.