Highest-materiality recent filing
Boston Beer CFO Diego Reynoso steps down; Matthew Murphy named interim CFO
Diego Reynoso to step down as CFO & Treasurer; remains through Sept 30, 2026 for transition.
Boston Beer Q2 net revenue down 3.3%; non-GAAP EPS $3.65; narrows FY guidance
Depletions fell 6% in Q2; shipments down 4.5% to ~2.0M barrels.
Boston Beer annual meeting: say-on-pay fails, director Joyce sees majority withhold votes
Advisory say-on-pay vote: 2,418,918 for vs 3,250,742 against; resolution not approved.
Boston Beer Co. gets $191M final judgement in Ardagh suit; interest lowered $21M
Court entered amended final judgement: $175.5M damages + $15.5M pre-judgement interest = $191.0M total.
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%.
Boston Beer faces $175.5M jury verdict in Ardagh can-supply dispute
Jury verdict on April 6, 2026 awards ~$175.5M to Ardagh, including offset of Boston Beer's counterclaim.
Boston Beer Q4 net loss $22.5M; FY net income $108.5M; guides FY2026 EPS $8.50-$11.00
Q4 diluted loss per share $2.12 on net revenue $385.7M (-4.1%); depletions decreased 6%.
Boston Beer Q3 net revenue down 11.2% to $537.5M; raises 2025 EPS guidance to $7.80-$9.80
Q3 net revenue $537.5M (-11.2% YoY); diluted EPS $4.25.
Boston Beer names new COO, promotes supply chain head; details compensation
Phil Hodges named COO, reporting to CEO Jim Koch; Phil Savastano promoted to Chief Supply Chain Officer.
Boston Beer CEO Michael Spillane steps down; founder Jim Koch reassumes CEO role
Michael Spillane resigns as President and CEO effective August 15, 2025 for personal reasons; no disagreement with company.
Boston Beer Q2 EPS $5.45 beats, margins improve 380bps; cuts full-year volume guidance
Q2 net revenue $587.9M (+1.5%); diluted EPS $5.45 (+24.1%) vs prior year.
Boston Beer authorizes $50M repurchase; CFO sets 10b5-1 plan for 4,155 shares
Company entered a 10b5-1 plan to repurchase up to $50M of Class A Common Stock from June 30 to Sept 26, 2025.
Boston Beer Q1 net revenue $453.9M (+6.5%), EPS $2.16 (+108%)
Net revenue $453.9M (+6.5%); gross margin 48.3% (up 460 bps); net income $24.4M (+93.8%); diluted EPS $2.16 (+108%).
Boston Beer Q4 net rev +2.2%, GAAP loss $3.38/diluted; FY24 non-GAAP EPS $9.43 +31.5%
Q4 net revenue $402.3M (+2.2% YoY); GAAP diluted loss $3.38 (includes $1.70 contract settlement expense).
Paid $26M to Rauch North America for amendment/restatement of production agreement, boosting flexibility and termination rights.
Depletions fell 3% and shipments down 1.9%; growth in Twisted Tea, Sun Cruiser, Hard Mountain Dew partially offset declines in Truly Hard Seltzer.
Boston Beer expands stock buyback authority by $400M to $1.6B
Board authorized a $400M increase in the share repurchase program on October 2, 2024.
Boston Beer Q2 depletions down 4%, net revenue falls 4%; guidance for volume lowered
Q2 depletions decreased 4%, shipments down 6.4%; net revenue $579.1M, down 4.0%.
Boston Beer Q1 net revenue $426M (+3.9% YoY); EPS $1.04; reiterates FY guidance
Net revenue $426.1M (+3.9% YoY); diluted EPS $1.04; gross margin 43.7% (+570 bps).
Boston Beer Q4 net loss $18.1M; FY2023 EPS $6.21; guides FY2024 EPS $7-$11
Q4 2023 net revenue $393.7M (-12% reported, -3.1% comparable); gross margin 37.6% (+60 bps).
Boston Beer CEO David Burwick to retire March 31; Michael Spillane appointed successor
Burwick retires as President & CEO effective March 31, 2024; remains advisor through March 2026.
Boston Beer Q3 depletions down 6%; net revenue up 0.9% to $601.6M; guidance narrowed
Depletions decreased 6% (fiscal) and ~3% (comparable weeks); shipments down 2.5%.
Boston Beer Q2 net income +8.8% to $58M, EPS $4.72; maintains FY guidance, boosts ad spend
Net revenue fell 2.1% to $603.3M; depletions -3%, shipments -4.5%.
Boston Beer appoints Diego Reynoso as CFO and Treasurer, effective Sept 5, 2023
Diego Reynoso named CFO/Treasurer, starting Sept 5, 2023; reports to CEO David Burwick.
Boston Beer hires CSCO, boosts buyback authorization by $269M to $1.2B
Philip Hodges named Chief Supply Chain Officer; base salary $615K, bonus target 60%, one-time equity awards totaling ~$8M.
Boston Beer Reports Q1 2023 Net Loss and Declining Revenue Amid Depletions Drop
Net revenue of $410.0 million decreased 4.7% from prior year; net loss of $9.0 million ($0.73 per diluted share).
Boston Beer CFO Frank Smalla steps down; interim CFO named; $25M stock buyback plan
CFO Frank H. Smalla resigns after 7 years to join a KKR-backed private equity firm; departure not due to any disagreement.
Boston Beer Q4 net loss $11.4M; depletions down 3%; FY2023 EPS guidance $6-$10
Q4 net loss $11.4M ($0.93 diluted loss) vs net loss $51.8M ($4.22 loss) a year ago.
On August 20, 2026, the Company’s Board of Directors approved the appointment of Matthew D. Murphy, age 57, to serve as interim Treasurer and Chief Financial Officer, effective September 15, 2026, and until such time as the Company appoints Mr. Reynoso’s permanent successor.
On August 17, 2026, Diego Reynoso informed the Company that he was stepping down as the Company’s Treasurer and Chief Financial Officer.
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.
On July 29, 2024, Christopher I. “Biz” Stone and Joseph H. “Joe” Jordan were appointed to the Company’s Board of Directors, effective immediately.
On July 29, 2024, Christopher I. “Biz” Stone and Joseph H. “Joe” Jordan were appointed to the Company’s Board of Directors, effective immediately.
David A. Burwick, President and Chief Executive Officer, has decided to step down from his position and as a member of the Company’s Board of Directors, effective March 31, 2024.
Mr. Spillane will step down from his positions as Lead Director
He will be succeeded as Lead Director on an interim basis by Meghan V. Joyce
assume the position of President and CEO on April 1, 2024
On August 10, 2023, John C. Geist informed the Company that he intends to retire from his role as Chief Sales Officer in 2024.
On August 15, 2023, the Company announced that it intends to appoint Senior Sales Director Michael J. Crowley, 54, as Chief Sales Officer effective January 1, 2024.
On July 24, 2023, the Company announced that it has hired Diego Reynoso, age 47, as its Chief Financial Officer and Treasurer.
Max materiality 0.85 · Median 0.60 · Most common event other_material