SAM - Boston Beer is Brewing Big Results But It's Not Just From Beer
Shares of Boston Beer (NYSE: SAM) have surged 140% in 2020. The craft beer giant has grown sales 26%, and earnings per share a strong 53% during the coronavirus pandemic.
It isn't unusual for beer and spirits companies to experience strong results during economic downturns. What's unusual about Boston Beer's results is their source. The company is best known for its Sam Adams beers, but it's also behind many of the most popular non-beer alcoholic beverages, including Twisted Tea, Angry Orchard hard cider, and the fast-growing Truly brand of hard seltzers.
On the Oct. 24 edition of "The Wrap" on Motley Fool Live , host Jason Hall and Motley Fool analyst Jason Moser talked about Boston Beer's results, the growth of its non-beer business, and how it bodes well for the company's future.
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Boston Beer is Brewing Big Results, But It's Not Just From Beer