Boston Beer Q2 depletions down 4%, net revenue falls 4%; guidance for volume lowered

BOSTON BEER CO INC

2024-Q2 EPS reported $5.41 revenue$1,005,149,000

Q2 depletions decreased 4%, shipments down 6.4%; net revenue $579.1M, down 4.0%.
Gross margin 46.0%, up 60 bps; net income $52.3M, down 9.8%; diluted EPS $4.39.
Year-to-date depletions down 2%; net income $64.9M, up 32.3% to $5.41 diluted EPS.
Guidance revised: depletions/shipments from ‘down low single to up low single’ to ‘down low single to zero’; EPS unchanged $7-$11.
Repurchased $127M in shares YTD; cash $219.3M with no debt.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.