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Shares of Boston Beer (NYSE: SAM) were down 9.8% as of 12:17 p.m. ET on Friday after the company slashed its full-year earnings guidance. The news follows a sharp slowdown in hard seltzer demand that began last summer, sending Boston Beer's stock price down 51% over the past yea...
Stock Market Futures Rise Ahead Of Big Banks Kicking Off Earnings Season Stock market futures are on the rise in early morning trading today. This could signal a potential recovery in stocks after broad-based sell-offs a day prior. In particular, tech stocks underperformed. ...
Buying stocks that have fallen heavily in value can be a risky proposition. You're never really sure where the bottom is and you may stand to lose money in the near term. It's definitely not a great option for investors who might be tempted to buy or sell stocks based on short-term price mo...
Jefferies turns more constructive on Boston Beer Company (SAM +1.8%) with an upgrade to a Hold rating from Underperfom. The firm thinks expectations for the hard seltzer business are now more reasonable. Recent data points are also noted to have improved, which could set up for a Q4 earnings ...
There are no two ways about it -- Boston Beer (NYSE: SAM) messed up. The ramp-up in production of its Truly brand of hard seltzer over the past year was just too aggressive compared to consumers' actual interest in the products. The brewer acknowledged around the middle of the year ...
Craft beer will continue to gain popularity in the future, projecting a 10.4% CAGR. Truly's slump is temporary, the management should learn from it. SAM is a high-quality company. And it will continue to grow faster than its peers. For further details see: The Boston Bee...
Cowen turns more constructive on Boston Beer (NYSE:SAM) with an upgrade to a Market Perform rating from Sell. Analyst Vivien Azer: "Since late August, SAM's share price has compressed, reflecting the negative revisions to company guidance. However, with Nielsen trends starting to show signs o...
Boston Beer Company’s brand “Truly” is the second largest hard seltzer brand by market share. The company’s hard seltzer growth estimation led to a significant overproduction of the inventory. Slower than expected growth resulted in obsolete inventory w...
Boston Beer (NYSE: SAM) is releasing a beer made with hops that traveled into space aboard the SpaceX Inspiration4 rocket in September, the first spaceflight with an all-civilian crew on board. Although the Space Craft beer was brewed as the result of a clever stunt to raise mon...
Truly is still one of the top brands in the hard seltzers market, despite the recent slowdown. In my opinion, the recent slowdown in growth is a normalization from previous high growth and does not indicate a flaw in the management’s capability to execute. The company's fut...
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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 ...