---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-086533"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:36:42.433420+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-086533
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/949870/000095017024086533/0000950170-24-086533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017024086533/sam-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-086533
- JSON: https://secwatch.observer/filing/0000950170-24-086533.json
- Plain text: https://secwatch.observer/filing/0000950170-24-086533.txt

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