Boston Beer Company experienced a challenging third quarter with declines in depletions and shipments, leading to an 11.2% decrease in net revenue. Despite these volume pressures, the company achieved a significant increase in gross margin due to procurement savings and improved brewery efficiencies. Net income increased, primarily due to a favorable comparison against a prior year brand impairment charge, though it declined when excluding this impact. The company remains optimistic about its Sun Cruiser brand and Angry Orchard's growth, continuing to invest in advertising and innovation.

The Boston Beer Company, Inc. reported a 6.5% increase in net revenue to $453.9 million and a 93.8% increase in net income to $24.4 million for the first quarter of 2025. Diluted EPS rose by 108% to $2.16. Depletions decreased by 1%, while shipments increased by 5.3%. Gross margin improved significantly to 48.3%.

The Boston Beer Company reported mixed financial results for the fourth quarter ended December 28, 2024. While depletions were flat and shipments decreased slightly, net revenue increased by 2.2% and gross margin saw a significant improvement. However, the company reported a GAAP diluted loss per share, primarily due to a contract settlement expense.

Boston Beer reported a 0.6% increase in net revenue to $605.5 million. GAAP diluted earnings per share was $2.86, including a non-cash brand impairment charge of $2.49 per share. Non-GAAP diluted earnings per share was $5.35. Depletions decreased by 3% and shipments decreased by 1.9%.

Boston Beer's second quarter saw a decrease in depletions and shipments, leading to a slight revenue decline. However, gross margin improved due to price increases and cost management. The company is revising its volume guidance but maintaining EPS guidance.

Boston Beer reported flat depletions but a 3.9% increase in net revenue to $426.1 million for the first quarter of 2024. Gross margin improved to 43.7%. Net income was $12.6 million, with diluted earnings per share of $1.04. The company repurchased $65.0 million in shares and ended the quarter with $205.4 million in cash and no debt.

Boston Beer Company reported a decrease in net revenue for the fourth quarter of 2023. Net revenue decreased by 12.0% to $393.7 million. The company experienced a net loss of $18.1 million, with a GAAP diluted loss per share of $1.49.

Boston Beer reported a slight increase in net revenue, but a decrease in depletions. Gross margin improved, and the company generated significant operating cash flow. They also narrowed their revenue and EPS guidance ranges.

Boston Beer reported a decrease in net revenue by 2.1% to $603.3 million, but net income increased by 8.8% to $58.0 million. Gross margin improved by 230 basis points to 45.4%.

Boston Beer reported a decrease in depletions and shipments for the first quarter of 2023. Net revenue and gross margin also decreased, resulting in a net loss and diluted loss per share. The company repurchased shares and maintains a strong cash balance.

Boston Beer reported a 3% increase in depletions and a 16.7% increase in shipments for Q4 2022. Net revenue increased by 28.6% to $447.5 million, but the company experienced a net loss of $11.4 million, or $0.93 per diluted share. The gross margin was 37.0%.

Boston Beer reported a mixed third quarter, with net revenue increasing by 6.2% to $596.5 million and gross margin improving to 43.2%. However, depletions decreased by 6%, driven by declines in Truly Hard Seltzer, Angry Orchard, Samuel Adams, and Dogfish Head brands, partially offset by growth in Twisted Tea and Hard Mountain Dew. The company narrowed its full-year 2022 financial guidance, reflecting the dynamic operating environment.

Boston Beer's second quarter results showed a 2.2% increase in net revenue, driven by pricing and Twisted Tea shipments, but depletions decreased by 7% and shipments declined by 1.1%. Net income decreased due to lower gross margins, partially offset by increased revenue and lower operating expenses. The company has reduced its full-year volume and earnings guidance due to a continuing decline in demand in the hard seltzer category.

Boston Beer reported a decrease in first quarter depletions by 7% and shipments decreased by 25.1%. Net revenue decreased by 21.1% to $430.1 million, and the company experienced a net loss of $2.0 million, a significant decrease from the previous year's net income of $65.6 million.

Boston Beer reported a decrease in fourth-quarter net revenue and a net loss, primarily driven by shipment decreases and indirect volume adjustment costs related to Truly Hard Seltzer. Despite these challenges, the company saw growth in depletions and aims to level set inventory levels and reset their growth model to benefit from future category growth.

Boston Beer reported a net loss for Q3 2021, primarily due to costs associated with the slowdown in the hard seltzer category, despite an increase in net revenue. The company is addressing inventory issues and expects continued growth in the 'Beyond Beer' market.

Boston Beer reported a 33.3% increase in net revenue to $602.8 million for the second quarter of 2021. However, net income decreased by 1.6% to $59.2 million, and earnings per diluted share fell by 2.7% to $4.75. The company's performance was impacted by increased operating expenses, lower gross margins, and a higher tax rate, despite a 27.4% increase in shipment growth.

Boston Beer reported a significant increase in first quarter 2021 net revenue, net income, and earnings per diluted share compared to the same period last year, driven by increased shipments and depletions, particularly in Truly Hard Seltzer and Twisted Tea brands.

Boston Beer reported a strong fourth quarter with a 53.0% increase in net revenue to $460.9 million and a 135.7% increase in net income to $32.8 million, or $2.64 per diluted share. The growth was primarily driven by a 54.0% increase in shipments.

Boston Beer reported a strong third quarter with a 30.2% increase in net revenue to $492.8 million and an 80.6% increase in net income to $80.8 million, driven by shipment growth of 30.5%. Earnings per diluted share increased by 78.4% to $6.51.

Boston Beer reported a strong second quarter with a 42% increase in net revenue to $452.1 million and a 116% increase in net income to $60.1 million, driven by shipment growth of 39.8%.

Boston Beer reported a 31.4% increase in net revenue, driven by a 32.2% increase in shipments. However, net income decreased due to higher operating expenses and lower gross margins, impacted by the COVID-19 pandemic.

The Boston Beer Company reported a 33.8% increase in fourth-quarter net revenue to $301.3 million, driven by a 31.7% increase in shipments. However, net income decreased to $13.8 million, or $1.12 per diluted share, due to higher advertising, promotional, and selling expenses, and lower gross margins.