SAM - Boston Beer Q4 results mixed co expects to report a net loss in Q1 2023
- Boston Beer press release ( NYSE: SAM ): Q4 GAAP EPS of -$0.93 misses by $1.43 .
- Revenue of $447.5M (+28.6% Y/Y) beats by $54.74M .
- Q4 depletions increased 3%.
- Shipment volume for Q4 was approximately 1.71 million barrels, a 16.7% increase from the prior year.
- Co believes distributor inventory as of December 31, 2022 averaged approximately five weeks on hand and was at an appropriate level for each of its brands.
- Sees FY 2023 GAAP EPS of $6.00 to $10.00. The consensus FY 2023 EPS estimate is $11.47.
- Expects to report a net loss in Q1 2023.
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Boston Beer Q4 results mixed, co expects to report a net loss in Q1 2023