secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000950170-24-086533
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017024086533/0000950170-24-086533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017024086533/sam-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-086533

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