---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-048332"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T09:07:46.120369+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Boston Beer Q1 net revenue $426M (+3.9% YoY); EPS $1.04; reiterates FY guidance

## Summary
- Net revenue $426.1M (+3.9% YoY); diluted EPS $1.04; gross margin 43.7% (+570 bps).
- Depletions flat; shipments +0.9% to 1.6M barrels; Truly declines offset by Twisted Tea growth.
- Repurchased $65M in shares YTD; cash $205.4M, no debt.
- FY2024 guidance unchanged: EPS $7-$11, gross margin 43%-45%; effective tax rate raised to 28.5% due to CEO transition costs.
- New CEO Michael Spillane joined; CEO transition costs fully expensed in Q1.

## SEC filing metadata
- accession: 0000950170-24-048332
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000095017024048332/0000950170-24-048332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017024048332/sam-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-048332
- JSON: https://secwatch.observer/filing/0000950170-24-048332.json
- Plain text: https://secwatch.observer/filing/0000950170-24-048332.txt

## Key facts
- Earnings Releases
  BOSTON BEER CO INC reported first quarter ended March 30, 2024 results: revenue $426.1 million, net income $12.6 million, EPS $1.04. Guidance reaffirmed.
  - Period: first quarter ended March 30, 2024
  - Revenue: $426.1 million
  - Net income: $12.6 million
  - EPS: $1.04
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net revenue of $426.1 million increased 3.9% • Gross margin of 43.7% up 570 basis points year over year • Net income of $12.6 million • Diluted income per share of $1.04
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000095017024048332/0000950170-24-048332-index.htm

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