---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-058091"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:48:49.749202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Boston Beer Q1 net revenue $453.9M (+6.5%), EPS $2.16 (+108%)

## Summary
- Net revenue $453.9M (+6.5%); gross margin 48.3% (up 460 bps); net income $24.4M (+93.8%); diluted EPS $2.16 (+108%).
- Depletions -1%, shipments +5.3%; growth in Twisted Tea, Hard Mountain Dew, Sun Cruiser; Truly declined.
- Cash $152.5M, no debt; $60.5M share repurchases year-to-date; $367M remaining on buyback authorization.
- Full-year 2025 guidance reiterated; tariffs expected to reduce EPS by $1.25-$1.90 ($20-$30M cost impact).

## SEC filing metadata
- accession: 0000950170-25-058091
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000095017025058091/0000950170-25-058091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000095017025058091/sam-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-058091
- JSON: https://secwatch.observer/filing/0000950170-25-058091.json
- Plain text: https://secwatch.observer/filing/0000950170-25-058091.txt

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