Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
An announcement from Boston Beer ( (SAM) ) is now available.
Boston Beer has updated its financial guidance for 2024 due to a $26 million cash payment made to Rauch North America Inc. as part of a revised production agreement intended to optimize its supply chain. This contract amendment is expected to enhance production flexibility and improve termination rights, though it will result in a pre-tax contract settlement expense impacting the company’s fourth-quarter earnings. The new agreement is not anticipated to significantly affect the company’s 2025 shortfall fees, and further guidance will be provided in the upcoming earnings report.
More about Boston Beer
The Boston Beer Company, Inc., established in 1984, is one of the largest craft brewers in the United States, renowned for its Samuel Adams beer and a diverse range of innovative ‘beyond beer’ products such as hard cider, hard seltzer, and hard tea. Its core brands include Angry Orchard Hard Cider, Dogfish Head, Truly Hard Seltzer, Twisted Tea Hard Iced Tea, and Samuel Adams. The company operates taprooms and hospitality locations across several states.
YTD Price Performance: -10.71%
Average Trading Volume: 118,596
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.54B
Learn more about SAM stock on TipRanks’ Stock Analysis page.
