Categories Earnings, Retail

The Boston Beer Company (SAM): Q3 2019 Earnings Snapshot

— The Boston Beer Company Inc. (NYSE: SAM) reported Q3 2019 earnings of $3.65 per share, vs. $2.93 expected.

— Revenues grew 23.3% to $378.5 million, vs. $369 million expected.

— Depletions increased 30% from last year.

— Shipment volume increased 19.1% to 1.6 million barrels.

— FY19 EPS is expected to be $8.70-9.30.

— SAM shares gained 0.41% immediately following the announcement.

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