Boston Beer Company First Quarter 2024 Earnings: Beats Expectations

Boston Beer Company (NYSE:SAM) First Quarter 2024 Results

Key Financial Results

• Revenue: US$426.1m (up 3.9% from 1Q 2023).
• Net income: US$12.6m (up from US$8.94m loss in 1Q 2023).
• Profit margin: 3.0% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$1.05 (up from US$0.73 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Boston Beer Company Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are down 1.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Boston Beer Company's balance sheet and an in-depth analysis of the company's financial position.

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