Boston Beer missed earnings by 24% as a 16% surge in marketing and promotional spending for brands like Twisted Tea and Samuel Adams ate into profits, though the company narrowly beat revenue and held its full-year outlook steady.
Boston Beer :
SAM
SAM
Stock Data
$180.59
$1.79 (1.00%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER DEFENSIVE
Industry
BEVERAGES - BREWERS
Boston Beer Co. Inc, known for its flagship Samuel Adams Boston Lager, is a prominent player in the alcohol beverage industry. Founded in 1984 and headquartered in Boston, Massachusetts, it offers a diverse range of beers, hard ciders, flavored malt beverages, and hard seltzers. Its brands include Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island. The company distributes its products across the United States and internationally, reaching consumers through grocery stores, bars, restaurants, and online outlets.
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