secwatch.observer — SEC 8-K summary
======================================

Issuer:     BOSTON BEER CO INC (SAM)
CIK:        0000949870
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001193125-26-197451
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949870/000119312526197451/0001193125-26-197451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949870/000119312526197451/sam-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-197451

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