Boston Beer Q4 Revenue Tops Forecasts
Boston Beer reported mixed earnings for Q4 2024, exceeding revenue expectations but missing profit forecasts.
Craft beverage specialist Boston Beer (NYSE:SAM) reported mixed fourth-quarter and full-year 2024 results on Tuesday, Feb. 25. Net revenue of $402.3 million beat expectations of $389 million, primarily due to price hikes and a favorable sales tax change from last year. However, profits fell short with an adjusted EPS loss of $1.68 underperforming the expected loss of $1.31, largely due to a $26 million contract settlement.
Despite these challenges, the quarter saw progress with an improved gross margin of 39.9%.
Source: Boston Beer. Note: Analysts' consensus estimates for the quarter provided by FactSet. YOY = Year over year.
