secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0000950170-25-098363
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Beer Q2 EPS $5.45 beats, margins improve 380bps; cuts full-year volume guidance
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- Q2 net revenue $587.9M (+1.5%); diluted EPS $5.45 (+24.1%) vs prior year.
- Gross margin 49.8% up 380bps y/y on brewery efficiencies, pricing; depletions fell 5%.
- Full-year depletions guidance cut to down high single to low single digit (prior: down low to up low single).
- EPS guidance raised to $6.72-$9.54 (incl. tariffs); tariff impact lowered to $0.96-$1.28 per share.
- Repurchased $110.5M shares YTD; cash $212.4M with no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000095017025098363/0000950170-25-098363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000095017025098363/sam-20250724.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-098363

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