8-K
filed February 27, 2024, 6:59 PM ET
ticker SAM
CIK 0000949870
earnings
confidence high
sentiment neutral
materiality 0.75
Boston Beer Q4 net loss $18.1M; FY2023 EPS $6.21; guides FY2024 EPS $7-$11
BOSTON BEER CO INC
2023-FY EPS reported
$6.21
revenue$2,008,625,000
- Q4 2023 net revenue $393.7M (-12% reported, -3.1% comparable); gross margin 37.6% (+60 bps).
- FY2023 net income $76.3M ($6.21 diluted EPS); non-GAAP diluted EPS $7.17.
- Full-year depletions -6% (-5% on 52-week basis); Twisted Tea grew, Truly decreased.
- FY2024 guidance: depletions -low single digit to +low single digit; GAAP EPS $7.00-$11.00.
- Repurchased $128.5M in stock since Jan 2, 2023; $230M remaining on buyback authorization.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BOSTON BEER CO INC reported fourth quarter of 2023 results: revenue $393.7 million, net income Net loss of $18.1 million, EPS $1.49.
- Period
- fourth quarter of 2023
- Revenue
- $393.7 million
- Net income
- Net loss of $18.1 million
- EPS
- $1.49
- Result
- reported results
Exact text from the filing
decreased 9%. Depletions decreased 1% on a 13-week comparable basis • Shipments decreased 12.2%. Shipments decreased 3.5% on a 13-week comparable basis • Net revenue of $393.7 million decreased 12.0%. Net revenue decreased 3.1% on a 13-week comparable basis • Gross margin of 37.6%, up 60 basis points year over year • Net loss of $18.1 million • GAAP diluted
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BOSTON BEER CO INC reported full fiscal year 2023 results: revenue $2.009 billion, net income Net income of $76.3 million, EPS $6.21.
- Period
- full fiscal year 2023
- Revenue
- $2.009 billion
- Net income
- Net income of $76.3 million
- EPS
- $6.21
- Result
- reported results
Exact text from the filing
decreased 6%. Depletions decreased 5% on a 52-week comparable basis • Shipments decreased 6.2%. Shipments decreased 5.2% on a 52-week comparable basis • Net revenue of $2.009 billion decreased 3.9%. Net revenue decreased 2.9% on a 52-week comparable basis • Gross margin of 42.4%, up 120 basis points year over year • Net income of $76.3 million • GAAP diluted
View on SEC.gov
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