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Shares of Boston Beer Company Inc SAM were climbing in early trading on Friday, after the company reported its second-quarter results.
Boston Beer Company Inc (NYSE:SAM) stock is volatile this morning, after the brewing company's second-quarter earnings of $4.39 per share on revenue of $579 million missed analyst estimates.
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. `
Net revenue fell 4% year over year due to lower shipment volumes. Rising production costs contributed to net income falling 9.8% to $52.3 million.
The Boston Beer Company, Inc. (NYSE:SAM ) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Michael Andrews - Associate General Counsel & Corporate Secretary James Koch - Founder & Chairman Michael Spillane - CEO Diego Reynoso - CFO Conference Call Participants Kaumil Gajrawala - Jefferies Robert Ottenstein - Evercore ISI Michael Lavery - Piper Sandler Peter Grom - UBS Eric Serotta - Morgan Stanley Bonnie Herzog - Goldman Sachs Filippo Falorni - Citi Steve Powers - Deutsche Bank Operator Greetings, and welcome to The Boston Beer Company Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Boston Beer (SAM) came out with quarterly earnings of $4.39 per share, missing the Zacks Consensus Estimate of $4.99 per share. This compares to earnings of $4.72 per share a year ago.
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:
Boston Beer's (SAM) Q2 results are expected to reflect gains from favorable volume trends, robust pricing and improved margins amid slowed hard seltzer trends.
Boston Beer (SAM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors with an interest in Beverages - Alcohol stocks have likely encountered both Kirin Holdings Co. (KNBWY) and Boston Beer (SAM). But which of these two stocks presents investors with the better value opportunity right now?