SAM - Will Boston Beer Lower Its Outlook on Thursday?
Investors are thirsty for news heading into Boston Beer 's (NYSE: SAM) upcoming earnings report. The owner of hit brands like Twisted Tea and Dogfish Head beer was forced to reduce its outlook several times over the last few months as consumer demand shifted away from Truly hard seltzer, which had enjoyed soaring growth through earlier phases of the pandemic.
Those trends hadn't stabilized as of Boston Beer's previous update back in mid-February, making investors worried about another downgrade to the sales and earnings outlook ahead. Let's take a look at the report set for Thursday afternoon, April 21.
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Will Boston Beer Lower Its Outlook on Thursday?