Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum
Q1 25 EPS
$2.16
BEAT +212.77%
Est. $0.69
Q1 25 Revenue
$453.9M
BEAT +4.28%
Est. $435.2M
vs S&P Since Q1 25
-58.9%
TRAILING MARKET
SAM -25.8% vs S&P +33.1%
Market Reaction
Did SAM Beat Earnings? Q1 2025 Results
Boston Beer Company delivered a blowout first quarter for 2025, posting earnings per share of $2.16 against a consensus estimate of $0.69, a beat of 212.77%, while revenue of $453.87 million topped expectations by 4.28% and grew 6.5% year over year. … Read more Boston Beer Company delivered a blowout first quarter for 2025, posting earnings per share of $2.16 against a consensus estimate of $0.69, a beat of 212.77%, while revenue of $453.87 million topped expectations by 4.28% and grew 6.5% year over year. The standout driver behind the results was a 460 basis point expansion in gross margin to 48.3%, fueled by pricing actions, procurement savings, and improved brewery efficiencies as higher shipment volumes of approximately 1.7 million barrels, up 5.3%, spread fixed costs more effectively. Sun Cruiser proved a meaningful contributor to volume growth, with the brand now expanding into a new premium vodka lemonade collection following its recognition as the top new ready-to-drink brand in 2024. Net income nearly doubled to $24.41 million, up 93.8% year over year. Looking ahead, management reiterated full-year 2025 EPS guidance of $8.00 to $10.50, though disclosed that tariffs could weigh on results by $20 to $30 million, or $1.25 to $1.90 per diluted share, adding a notable caveat to an otherwise encouraging quarter.
Key Takeaways
- • Volume increases in Sun Cruiser, Hard Mountain Dew, and Twisted Tea brands
- • Price increases contributing to revenue growth
- • Procurement savings improving gross margin
- • Lower brewery processing costs per barrel due to higher volumes and improved brewery efficiencies
- • Gross margin expansion of 460 basis points year over year to 48.3%
SAM YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“Our first quarter performance reflects a solid start to the year as we increased our market share and significantly expanded gross margin. As the macroeconomic climate continues to be challenging, we remain focused on executing our strong operating plans for the summer season, across our core brands and our recently introduced innovations, supported in both cases by targeted advertising investment.”
— Michael Spillane, Q1 2025 Earnings Press Release
SAM Earnings Trends
SAM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SAM EPS Trend
Earnings per share: estimate vs actual
SAM Revenue Trend
Quarterly revenue: estimate vs actual
SAM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.97 | $1.64 | -16.76% | $433.9M | -0.46% |
| Q4 25 BEAT FY | $-2.51 | $-2.12 | +15.58% | $385.7M | +1.03% |
| FY Full Year | $9.35 | $9.89 | +5.73% | $1.96B | +0.06% |
| Q3 25 BEAT | $3.34 | $4.25 | +27.38% | $537.5M | -0.83% |
| Q2 25 BEAT | $3.96 | $5.45 | +37.63% | $587.9M | -0.12% |
| Q1 25 BEAT | $0.69 | $2.16 | +212.77% | $453.9M | +4.28% |