---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-117077"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:53:22.459990+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Boston Beer Q3 net rev +0.6% to $605.5M; GAAP EPS $2.86 (incl. $2.49 impairment), non-GAAP $5.35; guidance cut

## Summary
- Depletions fell 3% and shipments down 1.9%; growth in Twisted Tea, Sun Cruiser, Hard Mountain Dew partially offset declines in Truly Hard Seltzer.
- Gross margin 46.3%, up 60 bps YoY on price increases and procurement savings; full-year gross margin guidance narrowed to 44%-45%.
- Recorded $42.6M non-cash impairment of Dogfish Head intangible asset; GAAP EPS $2.86 vs $3.70 prior year.
- Full-year 2024 GAAP EPS guidance cut to $5.50-$7.50 from $7.00-$11.00; non-GAAP EPS introduced at $8.00-$10.00.
- Year-to-date operating cash flow $207M; share repurchases $191M; board added $400M to buyback authorization.

## SEC filing metadata
- accession: 0000950170-24-117077
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000095017024117077/0000950170-24-117077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017024117077/sam-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-117077
- JSON: https://secwatch.observer/filing/0000950170-24-117077.json
- Plain text: https://secwatch.observer/filing/0000950170-24-117077.txt

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