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Hang on, it's about to get ugly. After Boston Beer (NYSE: SAM) reported earnings last week that were decimated by a dramatic slowdown in the hard seltzer market, investors might want to brace for impact as both Anheuser-Busch InBev (NYSE: BUD) and Molson Coors (NYS...
US beverage producer Boston Beer Company Inc. ( NYSE:SAM ) plunged nearly 25% on Friday after the company reported disappointing quarterly results. Furthermore, SAM’s stock price also suffered after analysts cut their price targets. The company released its fiscal Q2 resu...
Rob Kim/Getty Images Entertainment Boston Beer (SAM) CEO David Burwick said Friday that company executives "don't look very smart" for not recognizing a drop-off in growth at its Truly Hard Seltzer, a fact that sparked a major stock slide when the company released its quarterly results the ni...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Medigus (NASDAQ: MDGS ) stock has caught the eye of investors on Friday with shares heading higher on news of pre-clinical trials doing well. Source: Bukhta Yurii / Shutterstock.com Here’s what investor...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Churchill Capital (NYSE: CCIV ) stock is on the move Friday following news of the special purpose acquisition company (SPAC) closing its merger with Lucid Motors . Source: gg5795 / Shutterstock.com Churchill ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chinese education stocks are taking a beating on Friday thanks to new restrictions placed on them by their home country’s government. Source: Travelerpix / Shutterstock.com According to recent reports, China ...
The Truly brand isn't growing as fast this summer as Boston Beer (NYSE: SAM) executives thought it would. The brewer on Thursday lowered its sales and earnings outlook for the hard seltzer after demand slowed through late June. The new forecast keeps the company at the top o...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boston Beer (NYSE: SAM ) stock is falling on Friday and it has to do with the company betting too hard on hard seltzer. Source: Master1305/ShutterStock.com Boston Beer’s earnings report wasn’t a...
Beverage can manufacturing stocks, such as Ball Corporation ([[BLL]] -3.2%), Crown Holdings Inc. ([[CCK]] -3.5%), Ardagh Group S.A. ([[ARD]] -0.7%), and Silgan Holdings Inc. ([[SLGN]] -1.3%), dropped during trading today after The Boston Beer Company ([[SAM]] -23.6%) posted disappointing earn...
Sam Adams beer maker Boston Beer (NYSE: SAM) shocked investors last night with a quarterly earnings report that fell far short of expectations. The stock is getting slammed this morning as a result with shares down more than 26% as of 10:25 a.m. EDT. Boston Beer reported earni...
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2024-07-29 14:38:37 ET Shares of international beer giants Heineken (OTC: HEINY) , Anheuser-Busch InBev (NYSE: BUD) , and Boston Beer (NYSE: SAM) were falling in Monday's trading, down 10.4%, 2.4%, and 3%, respectively, as of 12:38 p.m. ET. These beer giants fell...
2024-07-26 13:21:03 ET Shares of Boston Beer (NYSE: SAM) were moving higher today after the parent of alcohol brands like Sam Adams and Truly hard seltzer posted better-than-expected results in its second-quarter earnings report, even though business continued to decline due to weak...
BOSTON, July 25, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the second quarter ended June 29, 2024. Key results were: Second Quarter 2024 Summary: Depletions decreased 4% and shipments decreased 6.4% Net revenue of ...