---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-067142"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T01:01:12.473058+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Boston Beer Q4 net loss $22.5M; FY net income $108.5M; guides FY2026 EPS $8.50-$11.00

## Summary
- Q4 diluted loss per share $2.12 on net revenue $385.7M (-4.1%); depletions decreased 6%.
- FY2025 diluted EPS $9.89 (+95.4%); adjusted EPS up 4.7% excluding prior-year impairment and contract settlement charges.
- FY2025 gross margin 48.5% (+410 bps); operating cash flow $270.2M; cash $223.4M, no debt.
- FY2026 guidance: depletions flat to down mid-single digits, gross margin 48%-50%, EPS $8.50-$11.00.
- Through Feb 20, 2026 repurchased $13.7M in shares; $214.7M remaining on buyback authorization.

## SEC filing metadata
- accession: 0001193125-26-067142
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2026-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000119312526067142/0001193125-26-067142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000119312526067142/sam-20260224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-067142
- JSON: https://secwatch.observer/filing/0001193125-26-067142.json
- Plain text: https://secwatch.observer/filing/0001193125-26-067142.txt

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