Boston Beer's Stock Surges After A Surprise Profit, As Increases In Twisted Tea Shipments Offset Declines In Truly -- MarketWatch

Dow Jones04-26

Shares of Boston Beer Co. $(SAM)$ jumped 9.8% in premarket trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose above forecasts, fueled by volume increases, pricing and lower returns. The company swung to net income of $12.6 million, or $1.04 a share, from a loss of $9 million, or 73 cents a share, in the same period a year ago. That beat the FactSet consensus for a per-share loss of 3 cents. Revenue grew 3.9% to $452.2 million, well above the FactSet consensus of $412.5 million. Depletions were flat, while shipment volume was up 0.9% to about 1.6 million barrels, as growth in Twisted Tea offset by declines in Truly Hard Seltzer and other brands. Gross margin improved by 5.7 percentage points to 43.7%, fueled by price increases. For 2024, the company affirmed its outlook for earnings per share of $7 to $11, for price increases of 1% to 2% and for gross margin of 43% to 45%. The stock closed the regular session down 2.1%, and has dropped 16.9% year to date, while the S&P 500 has gained 5.8%.

-Tomi Kilgore

For more from MarketWatch: http://www.marketwatch.com/newsviewer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 25, 2024 16:37 ET (20:37 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430254484?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 04:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430254484","market":"sh","top_or_hot":-1,"title":"Boston Beer's Stock Surges After A Surprise Profit, As Increases In Twisted Tea Shipments Offset Declines In Truly -- MarketWatch","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Shares of Boston Beer Co. <a href=\"https://laohu8.com/S/SAM\">$(SAM)$</a> jumped 9.8% in premarket trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose above forecasts, fueled by volume increases, pricing and lower returns. The company swung to net income of $12.6 million, or $1.04 a share, from a loss of $9 million, or 73 cents a share, in the same period a year ago. That beat the FactSet consensus for a per-share loss of 3 cents. Revenue grew 3.9% to $452.2 million, well above the FactSet consensus of $412.5 million. Depletions were flat, while shipment volume was up 0.9% to about 1.6 million barrels, as growth in Twisted Tea offset by declines in Truly Hard Seltzer and other brands. Gross margin improved by 5.7 percentage points to 43.7%, fueled by price increases. For 2024, the company affirmed its outlook for earnings per share of $7 to $11, for price increases of 1% to 2% and for gross margin of 43% to 45%. The stock closed the regular session down 2.1%, and has dropped 16.9% year to date, while the S&amp;P 500  has gained 5.8%. \n</p>\n<p>\n     -Tomi Kilgore \n</p>\n<p>\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 25, 2024 16:37 ET (20:37 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boston Beer's Stock Surges After A Surprise Profit, As Increases In Twisted Tea Shipments Offset Declines In Truly -- MarketWatch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBoston Beer's Stock Surges After A Surprise Profit, As Increases In Twisted Tea Shipments Offset Declines In Truly -- MarketWatch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 04:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Boston Beer Co. $(SAM)$ jumped 9.8% in premarket trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose above forecasts, fueled by volume ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430254484","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430254484","pubTimestamp":1714077420,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Boston Beer Co.  jumped 9.8% in premarket trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose above forecasts, fueled by volume increases, pricing and lower returns. The company swung to net income of $12.6 million, or $1.04 a share, from a loss of $9 million, or 73 cents a share, in the same period a year ago. That beat the FactSet consensus for a per-share loss of 3 cents. Revenue grew 3.9% to $452.2 million, well above the FactSet consensus of $412.5 million. Depletions were flat, while shipment volume was up 0.9% to about 1.6 million barrels, as growth in Twisted Tea offset by declines in Truly Hard Seltzer and other brands. Gross margin improved by 5.7 percentage points to 43.7%, fueled by price increases. For 2024, the company affirmed its outlook for earnings per share of $7 to $11, for price increases of 1% to 2% and for gross margin of 43% to 45%. The stock closed the regular session down 2.1%, and has dropped 16.9% ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4588":"碎股","SAM.AU":"SIV Asset Management","BK4158":"啤酒酿造商","BK4585":"ETF&股票定投概念","SAM":"波斯顿啤酒"},"translate_title":"波士顿啤酒的股票在意外盈利后飙升，因为扭曲茶叶出货量的增加抵消了真实市场观察的下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAM":1,"SAM.AU":1},"content_text":"Shares of Boston Beer Co. $(SAM)$ jumped 9.8% in premarket trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose above forecasts, fueled by volume increases, pricing and lower returns. The company swung to net income of $12.6 million, or $1.04 a share, from a loss of $9 million, or 73 cents a share, in the same period a year ago. That beat the FactSet consensus for a per-share loss of 3 cents. Revenue grew 3.9% to $452.2 million, well above the FactSet consensus of $412.5 million. Depletions were flat, while shipment volume was up 0.9% to about 1.6 million barrels, as growth in Twisted Tea offset by declines in Truly Hard Seltzer and other brands. Gross margin improved by 5.7 percentage points to 43.7%, fueled by price increases. For 2024, the company affirmed its outlook for earnings per share of $7 to $11, for price increases of 1% to 2% and for gross margin of 43% to 45%. The stock closed the regular session down 2.1%, and has dropped 16.9% year to date, while the S&P 500  has gained 5.8%. \n\n\n     -Tomi Kilgore \n\n\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 25, 2024 16:37 ET (20:37 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430254484"}