secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0000950170-25-026706
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Beer Q4 net rev +2.2%, GAAP loss $3.38/diluted; FY24 non-GAAP EPS $9.43 +31.5%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017025026706/0000950170-25-026706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017025026706/sam-20250225.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-026706

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