Boston Beer Q4 2022 Earnings Report
Key Takeaways
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%.
Depletions increased 3%, but decreased 3% on a 13-week comparable basis.
Shipments increased 16.7%, or 10.9% on a 13-week comparable basis.
Net revenue reached $447.5 million, a 28.6% increase.
The company faced a net loss of $11.4 million, with a GAAP diluted loss per share of $0.93.
Boston Beer
Boston Beer
Forward Guidance
The Company’s actual 2023 results could vary significantly from the current projection and are highly sensitive to changes in volume projections particularly related to the hard seltzer category and supply chain performance as well as inflationary impacts.