---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-021158"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T14:09:01.047420+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Boston Beer Q4 net loss $18.1M; FY2023 EPS $6.21; guides FY2024 EPS $7-$11

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-021158
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/949870/000095017024021158/0000950170-24-021158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017024021158/sam-20240227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-021158
- JSON: https://secwatch.observer/filing/0000950170-24-021158.json
- Plain text: https://secwatch.observer/filing/0000950170-24-021158.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017024021158/0000950170-24-021158-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017024021158/0000950170-24-021158-index.htm

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