secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000950170-23-055629
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Beer Q3 depletions down 6%; net revenue up 0.9% to $601.6M; guidance narrowed
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- Depletions decreased 6% (fiscal) and ~3% (comparable weeks); shipments down 2.5%.
- Net revenue increased 0.9% to $601.6M; gross margin improved 250bps to 45.7%.
- Net income of $45.3M ($3.70 diluted EPS) includes $16.4M non-cash Dogfish Head impairment.
- Year-to-date share repurchases $69.4M; cash $310.8M, no debt.
- Full-year 2023 guidance narrowed: depletions -5% to -7%, GAAP EPS $6.04-$8.04 (from $6-$10).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017023055629/0000950170-23-055629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017023055629/sam-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-055629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer