secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0000950170-24-021158
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017024021158/0000950170-24-021158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017024021158/sam-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-021158

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