Boston Beer Reports Third Quarter Financial Results
Boston Beer reported Q3 2026 net revenue of $520.1 million, down 3.2%, with depletions down 5% and shipments down 4.9% on declines in Twisted Tea, Truly, and Samuel Adams. Gross margin expanded 90bps to 51.7% and non-GAAP EPS was $4.37; GAAP EPS of $4.21 includes $0.16 of litigation costs. Year-to-date GAAP results show a $4.87 loss per share driven by a $194.5 million supplier-dispute litigation charge, which the company is appealing and cannot yet estimate paying. Management raised the low end of FY26 guidance, with non-GAAP EPS now $9.00-$10.50 and gross margin 49%-50%.
Key figures
- Eps
- 4.21
- Revenue
- 520100000
- Guidance
- FY26 non-GAAP EPS raised at low end to $9.00-$10.50 from $8.50-$10.50; gross margin 49%-50% (from 48.5%-50%); depletions down mid-single digits; GAAP EPS ($5.76) to ($4.26)
- Revenue Yoy
- -3.2%
- Cash
- 308100000
- Buyback ytd
- 79500000
- Gross margin q3
- 51.7%
- Non gaap eps q3
- 4.37
- Shipments yoy q3
- -4.9%
- Buyback remaining
- $149 million of $1.6 billion limit
- Depletions yoy q3
- -5%
- Litigation judgment
- 175500000
- Litigation expense ytd
- 194500000
AI analysis
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