SAM - Boston Beer Stock: Time To Take A Sip (Rating Upgrade)
2024-04-27 12:49:55 ET
Summary
- The Boston Beer Company reported its Q1 results ahead of expectations.
- Strong sales of Twisted Tea have helped balance ongoing weakness in the Truly Hard Seltzer brand.
- An outlook for climbing earnings and positive growth support a positive outlook.
The Boston Beer Company Inc ( SAM ) reported its latest quarterly earnings highlighted by a growth rebound and sharply higher margins. The trends mark an important step for the "Samuel Adam's" brewer, attempting to address what has been a challenging last few years dealing with disappointing sales and the impact of inflationary cost pressures....
Boston Beer Stock: Time To Take A Sip (Rating Upgrade)