secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000950170-24-048332
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017024048332/0000950170-24-048332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017024048332/sam-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-048332

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