BOSTON BEER CO INC (SAM) Form 8-K — Oct 22, 2026
Boston Beer reported Q3 2026 net revenue of $520.1 million, down 3.2%, with depletions down 5% on declines in Twisted Tea, Truly and Samuel Adams, partially offset by Sun Cruiser growth. GAAP diluted EPS was $4.21 (including $0.16 of litigation costs) and non-GAAP EPS was $4.37. Gross margin expanded 90 basis points to 51.7% on pricing, favorable mix and procurement savings, and the company raised the low end of its full-year non-GAAP EPS guidance to $9.00-$10.50 from $8.50-$10.50.
Key figures
- Eps
- 4.21
- Revenue
- 520100000
- Guidance
- FY2026 non-GAAP EPS raised at low end to $9.00-$10.50 (from $8.50-$10.50); gross margin 49-50%; depletions down mid-single digits; tariff costs $18-$22M; GAAP EPS ($5.76)-($4.26)
- Net Income
- 43166000
- Total Debt
- 0
- Total Assets
- 1239388000
- Cash Position
- 308100000
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Buybacks ytd
- $79.5 million
- Line of credit
- $150 million (unused)
- Gross margin q3
- 51.7%
- Non gaap eps q3
- 4.37
- Ytd net revenue
- $1.522 billion (-3.6%)
- Shipments change q3
- -4.9%
- Depletions change q3
- -5%
- Litigation expense ytd
- $194.5 million ($175.5M judgment, $15.5M pre-judgment interest, $3.5M post-judgment interest)
- Shipment volume q3 barrels
- ~1.8 million
- Buyback authorization remaining
- ~$149 million of $1.6 billion
AI analysis
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