earnings
confidence high
sentiment neutral
materiality 0.75
Boston Beer Q4 net rev +2.2%, GAAP loss $3.38/diluted; FY24 non-GAAP EPS $9.43 +31.5%
BOSTON BEER CO INC
2024-FY EPS reported
$5.06
revenue$2,012,926,000
- Q4 net revenue $402.3M (+2.2% YoY); GAAP diluted loss $3.38 (includes $1.70 contract settlement expense).
- Full-year 2024 non-GAAP EPS $9.43 (+31.5% YoY); GAAP EPS $5.06 (includes $42.6M Dogfish Head impairment).
- Gross margin expanded 230 bps in Q4 to 39.9%, and 200 bps for full year to 44.4%.
- Operating cash flow $249M; repurchased $239M in FY24 and $29M in 2025 through Feb 21.
- 2025 guidance: shipments down Lsd to up Lsd, gross margin 45-47%, GAAP EPS $8.00-$10.50, ad spend up $30-50M.