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SAM - Boston Beer EPS misses by $1.84 misses on revenue
Boston Beer Company Inc.
Boston Beer (SAM): Q2 GAAP EPS of $4.75 misses by $1.84.Revenue of $602.8M (+33.3% Y/Y) misses by $54.85M.Gross margin was 45.7% for the second quarter, a decrease from 46.4% last year.Outlook: The Company currently projects full year 2021 earnings per diluted share to be between $18.00 and $22.00 vs. consensus $24.56; Gross margin of between 45% and 47%.Shares -4%.Press Release