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.
“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”
Jean-Michel Valette departed as Director at BOSTON BEER CO INC.
“On March 12, 2025, Jean-Michel Valette informed the Board of Directors of the Company that he will not stand for re-election as a Director of the Company at the end of his current term and will retire from the Board effective as of the conclusion of the Company’s 2025 Annual Meeting of Stockholders.”
Joseph H. "Joe" Jordan was appointed as Class A Director at BOSTON BEER CO INC.
“On July 29, 2024, Christopher I. “Biz” Stone and Joseph H. “Joe” Jordan were appointed to the Company’s Board of Directors, effective immediately.”
Christopher I. "Biz" Stone was appointed as Class B Director at BOSTON BEER CO INC.
“On July 29, 2024, Christopher I. “Biz” Stone and Joseph H. “Joe” Jordan were appointed to the Company’s Board of Directors, effective immediately.”
Shareholder Votes
BOSTON BEER CO INC shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2024-05-07 meeting.
“The Class B Stockholder similarly ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 28, 2024.”
Shareholder Votes
BOSTON BEER CO INC shareholders approved Election of five Class B Directors at the 2024-05-07 meeting.
“The sole holder of all of the Company’s outstanding shares of Class B Stock voted all of such shares for the election of the following five (5) Class B Directors, each for a term of one (1) year ending at the completion of the 2025 Annual Meeting of Stockholders and until their respective successors are duly chosen and qualified: Samuel A. Calagione, III, Cynthia A. Fisher, C. James Koch, Julio N. Nemeth, and Michael Spillane. The Board of Directors and the Class B Stockholder also resolved to retain the Class B vacancy occasioned by David A. Burwick’s retirement. There were no broker non-votes in connection with the election of the Class B Directors.”
Shareholder Votes
BOSTON BEER CO INC shareholders approved Advisory vote on executive compensation at the 2024-05-07 meeting.
“The results of the advisory vote are as follows: 6,649,043 votes for; 371,440 votes against; 22,657 abstentions, and no broker non-votes.”
Shareholder Votes
BOSTON BEER CO INC shareholders approved Election of three Class A Directors at the 2024-05-07 meeting.
“The Class A Stockholders elected the following three (3) Class A Directors, each for a term of one (1) year ending at the completion of the 2025 Annual Meeting of Stockholders and until their respective successors are duly chosen and qualified: Cynthia L. Swanson received 6,848,352 votes for, 194,755 votes withheld, and 33 shares uncast; Meghan V. Joyce received 3,282,538 votes for and 3,760,569 votes withheld; and 33 shares uncast; and Jean-Michel Valette received 3,442,138 votes for and 3,600,969 votes withheld; and 33 votes uncast. There were no broker non-votes in connection with the election of the Class A Directors.”
Earnings Releases
BOSTON BEER CO INC reported first quarter ended March 30, 2024 results: revenue $426.1 million, net income $12.6 million, EPS $1.04. Guidance reaffirmed.
“Net revenue of $426.1 million increased 3.9% • Gross margin of 43.7% up 570 basis points year over year • Net income of $12.6 million • Diluted income per share of $1.04”
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