{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-015300","form_type":"8-K","ticker":"SAM","cik":"0000949870","company_name":"BOSTON BEER CO INC","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.972279+00:00","generated_at":"2026-06-16T11:11:45.568601+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Boston Beer Reports Q1 2023 Net Loss and Declining Revenue Amid Depletions Drop","bullets":["Net revenue of $410.0 million decreased 4.7% from prior year; net loss of $9.0 million ($0.73 per diluted share).","Depletions fell 6% and shipments declined 7.6%, with growth in Twisted Tea and Hard Mountain Dew offset by declines in Truly, Angry Orchard, Samuel Adams, and Dogfish Head.","Gross margin of 38.0% was impacted by 210 basis points from inventory obsolescence costs and a non-recurring contract brewery payment.","Ended quarter with $122.6 million cash and no debt; repurchased $27.5 million in shares year-to-date through April 21, 2023.","Reiterated full-year 2023 guidance: depletions and shipments down 2% to 8%; EPS expected $6.00 to $10.00."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-015300","json":"https://secwatch.observer/filing/0000950170-23-015300.json","markdown":"https://secwatch.observer/filing/0000950170-23-015300.md","text":"https://secwatch.observer/filing/0000950170-23-015300.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/949870/000095017023015300/0000950170-23-015300-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/949870/000095017023015300/sam-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T11:11:45.568601+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2a23fa6f357253aa43bbc61c38caddfb968b4782","claim":"BOSTON BEER CO INC reported the first quarter ended April 1, 2023 results: revenue $410.0 million, net income Net loss of $9.0 million, EPS Diluted loss per share of $0.73. Guidance reaffirmed.","evidence_excerpt":"results for the first quarter ended April 1, 2023. Key results were: First Quarter 2023 Summary: • Depletions decreased 6% and shipments decreased 7.6% • Net revenue of $410.0 million decreased 4.7% • Gross margin of 38.0%, inclusive of non-recurring charges with an unfavorable impact of 210 basis points • Net loss of $9.0 million • Diluted loss per share of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/949870/000095017023015300/0000950170-23-015300-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended April 1, 2023"},{"label":"Revenue","value":"$410.0 million"},{"label":"Net income","value":"Net loss of $9.0 million"},{"label":"EPS","value":"Diluted loss per share of $0.73"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}