SAM - Is Boston Beer Due for a Rebound in 2022?
Boston Beer 's (NYSE: SAM) business is slowly recovering from the hit it has taken from the demand shift away from hard seltzer drinks. Management said this week that they achieved their growth targets for the selling period that ended in late March, and that sales are still likely to stabilize in the second half of 2022.
Yet investors didn't see much concrete evidence of that rebound in the fiscal first quarter results. Boston Beer reported declining depletions (a measure of consumer sales), falling profitability, and a big slump in shipment volumes. Uncertainty around these trends convinced management to issue a wide outlook for the full 2022 year.
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Is Boston Beer Due for a Rebound in 2022?