Boston Beer Company Third Quarter 2024 Earnings: EPS Misses Expectations

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

Key Financial Results

• Revenue: US$605.5m (flat on 3Q 2023).
• Net income: US$33.4m (down 26% from 3Q 2023).
• Profit margin: 5.5% (down from 7.5% in 3Q 2023).
• EPS: US$2.87 (down from US$3.70 in 3Q 2023).

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

Boston Beer Company EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Beverage industry in the US.

Performance of the American Beverage industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Boston Beer Company that you need to take into consideration.

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