Boston Beer Reports First Quarter Financial Results
Boston Beer Company, Inc. (The) (SAM)
Last boston beer company, inc. (the) earnings: 4/22 04:15 pm
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bostonbeer.com/overview
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Source: GlobeNewswire
BOSTON, April 25, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the first quarter ended March 30, 2024. Key results were: First Quarter 2024 Summary: Depletions were flat and shipments increased 0.9%Net revenue of $426.1 million increased 3.9%Gross margin of 43.7% up 570 basis points year over yearNet income of $12.6 millionDiluted income per share of $1.04 Capital Structure Ended the first quarter with $205.4 million in cash and no debtRepurchased $65.0 million in shares from January 2, 2024 to April 19, 2024 “We were pleased to see flat depletion trends in the first quarter and to deliver revenue growth,” said Chairman and Founder Jim Koch. “We remain committed to investing across our portfolio of brands to drive long-term revenue growth while also expanding our margins. Our highly cash generative business and strong balance sheet has enabled us to repurchase $65 million in shares year-to-date and will fuel our 2024 i
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SAM
Earnings
- 4/25/24 - Beat
SAM
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/2/24 - Form 4
- SAM's page on the SEC website