Boston Beer Co Q2 EPS $4.72 Beats $3.43 Estimate, Sales $603.30M Beat $592.97M Estimate
Portfolio Pulse from Bill Haddad
Boston Beer Co (NYSE:SAM) reported Q2 earnings of $4.72 per share, beating the analyst consensus estimate of $3.43 by 37.61%. This is a 9.51% increase from the same period last year. The company also reported quarterly sales of $603.30 million, beating the analyst consensus estimate of $592.97 million by 1.74%, but this is a 2.10% decrease from the same period last year.
July 27, 2023 | 8:16 pm
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Boston Beer Co's Q2 earnings and sales beat estimates, but sales are down 2.10% from the same period last year.
Boston Beer Co's earnings beat estimates, which is generally a positive signal for the stock. However, the decrease in sales compared to the same period last year might be a concern for investors, potentially limiting the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100