---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002905"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:50:53.438521+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-002905
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000095017023002905/0000950170-23-002905-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017023002905/sam-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002905
- JSON: https://secwatch.observer/filing/0000950170-23-002905.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002905.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017023002905/0000950170-23-002905-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017023002905/0000950170-23-002905-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.