Boston Beer (NYSE:SAM) Reports Strong Q1, Stock Soars

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Boston Beer (NYSE:SAM) Reports Strong Q1, Stock Soars Beer company Boston Beer (NYSE:SAM) reported Q1 CY2024 results beating Wall Street analysts' expectations , with revenue up 10.3% year on year...

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It made a GAAP profit of $1.04 per share, improving from its loss of $0.73 per share in the same quarter last year.Is now the time to buy Boston Beer?Revenue: $452.2 million vs analyst estimates of $412.3 million . Operating profit: $15.3 million vs analyst estimates of roughly breakeven . EPS guidance for full year 2024 maintained from previous . Gross Margin : 47%, up from 38% in the same quarter last year. “I’m thrilled to have recently joined Boston Beer as CEO,” said President and CEO Michael Spillane.Known for its flavorful beverages challenging the status quo, Boston Beer  is a pioneer in craft brewing and a symbol of American innovation in the alcoholic beverage industry.Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft  to Alphabet , Coca-Cola  to Monster Beverage  c","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4548":"巴美列捷福持仓","BK4559":"巴菲特持仓","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4514":"搜索引擎","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","KO":"可口可乐","SAM":"波斯顿啤酒","NYSE":"纽交所","BK4535":"淡马锡持仓","BK4553":"喜马拉雅资本持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","MSFT":"微软","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","BK4554":"元宇宙及AR概念","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","BK4567":"ESG概念","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4534":"瑞士信贷持仓","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4532":"文艺复兴科技持仓","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4097":"系统软件","BK4550":"红杉资本持仓","LU1732800096.USD":"摩根大通环球收益基金A (irc)","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","BK4538":"云计算","GOOG":"谷歌","MNST":"怪物饮料","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","BK4177":"软饮料","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4566":"资本集团","BK4516":"特朗普概念"},"translate_title":"波士顿啤酒（纽约证券交易所代码：SAM）报告强劲的Q1，股票飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KO":1,"SAM":1,"NYSE":1,"MSFT":1,"MNST":1,"GOOG":1},"content_text":"Boston Beer (NYSE:SAM) Reports Strong Q1, Stock Soars \n \n\nBeer company Boston Beer (NYSE:SAM) reported Q1 CY2024 results beating Wall Street analysts' expectations , with revenue up 10.3% year on year to $452.2 million. It made a GAAP profit of $1.04 per share, improving from its loss of $0.73 per share in the same quarter last year. \nIs now the time to buy Boston Beer? Find out in our full research report.\n\nBoston Beer (SAM) Q1 CY2024 Highlights:\n\nRevenue: $452.2 million vs analyst estimates of $412.3 million (9.7% beat)\nOperating profit: $15.3 million vs analyst estimates of roughly breakeven (large beat)\nEPS: $1.04 vs analyst estimates of $0 (39,947% beat)\nEPS guidance for full year 2024 maintained from previous ($9.00 at the midpoint, below current expectations)\nGross Margin (GAAP): 47%, up from 38% in the same quarter last year\nFree Cash Flow was -$20.62 million, down from $17.44 million in the previous quarter\nMarket Capitalization: $3.49 billion\n\n\n“I’m thrilled to have recently joined Boston Beer as CEO,” said President and CEO Michael Spillane.\nKnown for its flavorful beverages challenging the status quo, Boston Beer (NYSE:SAM) is a pioneer in craft brewing and a symbol of American innovation in the alcoholic beverage industry. \nBeverages and Alcohol\nThese companies' performance is influenced by brand strength, marketing strategies, and shifts in consumer preferences. Changing consumption patterns are particularly relevant and can be seen in the explosion of alcoholic craft beer drinks or the steady decline of non-alcoholic sugary sodas. Companies that spend on innovation to meet consumers where they are with regards to trends can reap huge demand benefits while those who ignore trends can see stagnant volumes. Finally, with the advent of the social media, the cost of starting a brand from scratch is much lower, meaning that new entrants can chip away at the market shares of established players.\nSales Growth\nBoston Beer carries some recognizable brands and products but is a mid-sized consumer staples company. Its size could bring disadvantages compared to larger competitors benefiting from better brand awareness and economies of scale. On the other hand, Boston Beer can still achieve high growth rates because its revenue base is not yet monstrous. \nAs you can see below, the company's annualized revenue growth rate of 1.7% over the last three years was weak for a consumer staples business. \n\nThis quarter, Boston Beer reported robust year-on-year revenue growth of 10.3%, and its $452.2 million in revenue exceeded Wall Street's estimates by 9.7%. Looking ahead, Wall Street expects revenue to remain flat over the next 12 months, a deceleration from this quarter. \nHere at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.\nCash Is King\nIf you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. \nBoston Beer burned through $20.62 million of cash in Q1, representing a negative 4.6% free cash flow margin. The company increased its cash burn by 41.3% year on year. \n\nOver the last eight quarters, Boston Beer has shown solid cash profitability, giving it the flexibility to reinvest or return capital to investors. The company's free cash flow margin has averaged 8.6%, above the broader consumer staples sector. Furthermore, its margin has averaged year-on-year increases of 3.8 percentage points over the last 12 months. This likely pleases the company's investors. \nKey Takeaways from Boston Beer's Q1 Results\nWe were impressed by how significantly Boston Beer blew past analysts' revenue, operating profit, and EPS expectations this quarter. We were also excited its gross margin outperformed Wall Street's estimates. EPS guidance for the full year was maintained, showing that the operating environment and demand trends the management saw three months ago have remained roughly the same. Zooming out, we think this was a great quarter that shareholders will appreciate. The stock is up 8.3% after reporting and currently trades at $311 per share. \n Boston Beer may have had a good quarter, but does that mean you should invest right now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.","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/2430265723"}