Boston Beer sees FY25 GAAP EPS $8.00-$10.50, consensus $11.30

Sees FY25 capital spending $90M-$110M. Sees FY25 depletions and shipments down low single digits to up low single digits. “The fourth quarter provided a solid finish to 2024 with flat depletions, gross margin expansion and strong cash generation,” said president and CEO Michael Spillane. “We are entering 2025 as a stronger company focused on end-to-end execution which is showing progress in a dynamic operating environment. We remain committed to our strategy of a diversified portfolio of core brands and strong innovation supported by increased advertising investment, transforming our supply chain and leveraging our industry leading salesforce.”