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SAM - Can Boston Beer Lead the Industry Again in 2021?
Boston Beer Company Inc.
Boston Beer (NYSE: SAM) ended 2020 on a high note. Last week, the craft beer specialist announced industry-leading sales through December thanks to the Truly hard seltzer and Twisted Tea product lines.
Shares fell immediately following the report after having soared in the past year. But, in a conference call with Wall Street analysts, CEO David Burwick and his team issued uniformly positive projections around market share and profitability in 2021 despite growing competition.