Boston Beer Co. (SAM) Q4 Revenue Misses Views, FY EPS Guidance Comes in Light

Boston Beer Co. (NYSE: SAM) reported Q4 EPS of $2.57, does not compare to the analyst estimate of $0.91. Revenue for the quarter came in at $206.3 million versus the consensus estimate of $207.9 million.

• Net income for the 2017 fourth quarter was $30.5 million, or $2.57 per diluted share, an increase of $8.4 million or $0.82 per diluted share from the fourth quarter of 2016. This increase was primarily due to a favorable one-time impact of $1.72 per diluted share related to the Tax Cuts and Jobs Act of 2017 that was enacted in December 2017 and an increase in gross margins, partially offset by the impact of lower shipments and higher brand investments.

GUIDANCE:

Boston Beer Co. sees FY2018 EPS of $6.30-$7.30, versus the consensus of $7.54.

• reflecting the uncertain volume outlook

For earnings history and earnings-related data on Boston Beer Co. (SAM) click here.

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