Boston Beer Q1 GAAP loss $13.88/sh on $175.5M litigation charge; FY guidance cut

BOSTON BEER CO INC

2026-Q1 EPS reported -$13.88 revenue$433,930,000

Net revenue $433.9M, down 4.4%; depletions fell 4%, shipments down 6.9%.
GAAP diluted loss per share $13.88 includes $15.52/sh non-recurring litigation expense; non-GAAP diluted EPS $1.64.
Recorded $175.5M pre-tax verdict damages plus up to $36.5M pre-judgment interest; intends to appeal.
FY 2026 guidance narrowed: GAAP EPS ($7.02)-($5.02) (was $8.50-$11.00); non-GAAP EPS $8.50-$10.50.
Cash $164.1M, no debt; repurchased $31.2M shares YTD through April 24.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

BOSTON BEER CO INC reported first quarter ended March 28, 2026 results: revenue $433.9 million, EPS GAAP diluted loss per share of $13.88, which includes non-recurring litigation expenses of $15.52 per share.

Period: first quarter ended March 28, 2026
Revenue: $433.9 million
EPS: GAAP diluted loss per share of $13.88, which includes non-recurring litigation expenses of $15.52 per share
Result: reported results

Exact text from the filing

The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the first quarter ended March 28, 2026. Key results were: First Quarter 2026 Summary: • Depletions decreased 4% and shipments decreased 6.9% • Net revenue of $433.9 million decreased 4.4% • Gross margin of 49.3% up 100 basis points year over year • GAAP diluted loss per share of $13.88, which includes non-recurring litigation expenses of $15.52 per share • Non-GAAP diluted earnings per share of $1.64

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Source: SEC EDGAR

accession 0001193125-26-197451

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