Boston Beer Co Q2 2024 GAAP EPS $4.39 Misses $5.10 Estimate, Sales $579.100M Miss $597.333M Estimate
Portfolio Pulse from Benzinga Newsdesk
Boston Beer Co (NYSE:SAM) reported Q2 2024 earnings per share of $4.39, missing the analyst estimate of $5.10 by 13.92%. The company also reported sales of $579.1 million, which missed the estimate of $597.333 million by 3.05%. This represents a 4.01% decrease from the same period last year.
July 25, 2024 | 8:15 pm
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Boston Beer Co (NYSE:SAM) reported Q2 2024 earnings per share of $4.39, missing the analyst estimate of $5.10 by 13.92%. The company also reported sales of $579.1 million, which missed the estimate of $597.333 million by 3.05%. This represents a 4.01% decrease from the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100