---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-197451"
form_type: "8-K"
ticker: "SAM"
cik: "0000949870"
company_name: "BOSTON BEER CO INC"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:35:00.583969+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-197451
- form_type: 8-K
- ticker: SAM
- cik: 0000949870
- company_name: BOSTON BEER CO INC
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/949870/000119312526197451/0001193125-26-197451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/949870/000119312526197451/sam-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-197451
- JSON: https://secwatch.observer/filing/0001193125-26-197451.json
- Plain text: https://secwatch.observer/filing/0001193125-26-197451.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/949870/000119312526197451/0001193125-26-197451-index.htm

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