SAM - Boston Beer is Set for a Strong Close to 2020
Investors had some heady expectations about Boston Beer 's (NYSE: SAM) third quarter earnings report. The company's dominant presence in the retailing niche has helped it avoid the sales declines that hurt larger rivals like Anheuser Busch Inbev through the early months of the pandemic. Boston Beer's strengths also include runaway product hits from the Truly and Twisted Tea alcoholic beverage franchises.
The report showed that it is still growing much faster than the broader industry, even if that expansion is set to pressure profitability for a second straight year.
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Boston Beer is Set for a Strong Close to 2020