BOSTON BEER REPORTS SECOND QUARTER FINANCIAL RESULTS BOSTON (July 25, 2024) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the second quarter ended June 29, 2024. Key results were: • Depletions decreased 4% and shipments decreased 6.4% • Gross margin of 46.0% up 60 basis points year over year • Diluted income per share of $4.39 • Net revenue of $1.005 billion decreased 0.8% • Net income of $64.9 million, an increase of $15.9 million or 32.3% Capital Structure • Repurchase ...

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: Second Quarter 2024 Summary: Depletions decreased 4% and shipments decreased 6.4% Net revenue of $579.1 million decreased 4.0% Gross margin of 46.0% up 60 basis points year over year Net income of $52.3 million, a decrease of $5.7 million or 9.8% Diluted income per share of $4.39 Year-to-date 2024 Summary: Depletions decreased 2% ...

The Boston Beer Company, Inc. (SAM) is scheduled to report second-quarter 2024 results on Jul 25. In the second quarter, the company is anticipated to have registered bottom-line growth from the year-ago quarter's reported figures. The Zacks Consensus Estimate for earnings is pegged at $4.96 per share, suggesting growth of 5.1% from the year-ago quarter's actual. The consensus mark for earnings has declined 2.4% in the past 30 days. For quarterly revenues, the consensus estimate is pegged at $595.2 million, ...

The market expects Boston Beer (SAM) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate pr ...

Core Viewpoint - Starcore International Mines Ltd. has commenced exploration activities on the Kimoukro permit in central Ivory Coast, focusing on gold mineralization in an area with significant artisanal mining activity [11][12]. Exploration Activities - The initial phase includes a 2000 m auger drilling program to investigate gold anomalies in saprolite and assess the continuity of known mineralized veins [6][11]. - A ground-magnetic survey will be conducted alongside an induced polarization (IP) geophysical survey, with a total of 50 line-kilometers planned [5][26]. - Trenching will be performed to test known higher gold anomaly zones, with an initial program consisting of 1500 m of trenches, 5 m deep [18][22]. Geological Context - The Kimoukro permit contains at least 11 gold-mineralized veins, with thicknesses ranging from 0.5 to 1.0 m and inferred strike lengths exceeding 150 m [2][3]. - The depth to rock in the area ranges from 2 to 20 m, averaging around 10 m, indicating potential for deeper exploration [3]. Historical Data and Analysis - Previous exploration by K Mining included IP surveys covering 0.9 km² and 1.3 km² in 2019 and 2021, respectively, which have been reprocessed for better interpretation [14]. - Soil geochemistry conducted between 2019 and 2022 highlighted over 65 hectares of soil anomaly greater than 50 ppb, although surface samples only reached depths of 0.5 m to 1 m [24]. Project Management - Starcore aims to complete all exploration activities before the heavy rain season, typically occurring in September [7]. - SAGAX Afrique sarlu has been retained to implement the IP and ground magnetic program, expected to be completed by the end of July 2024 [12].

Boston, USA, June 24, 2024 (GLOBE NEWSWIRE) -- TeaPot, the cannabis-infused iced tea brand from The Boston Beer Company, announces two new expansions of its popular product lineup with the debut of Lemonade Iced Tea and CBD Lemon Black Tea. CBD Lemon Black Tea TeaPot's first hemp-derived beverage contains 20mg of CBD and less than 0.5mg of THC. As demand for hemp-derived products grows, TeaPot meets the evolving needs of consumers with a thirst-quenching beverage that provides both great taste and a consist ...

"My teammates know they can always count on me to rally the team for a good time after a game," said Weston McKennie, USMNT midfielder. "When Truly approached me about Shower Trulys, I said 'that's great, I think I invented them – let's show the fans.'" As fans cheered on the USMNT during international friendlies earlier this month, they got an early taste of Orange Slices while they showed off their Halftime Happy Hour grins on the "Orange Slices Smile Cam" presented by Truly. Truly Orange Slices will also ...

. Starcore Commences Environmental Rehabilitation Project in Mexico Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Further to its news release of May 13, 2024 Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") reports that together with Xali Gold Corporation and Kappes, Cassiday & Associates ("KCA"), drilling has begun on the El Oro Mine Tailings at El Oro, Mexico, for the purpose of taking a representative sample which will be used to confirm the process flowsheet. ...

SAM is on track with the expansion of its Beyond Beer category, which includes exploring categories other than beer. Beyond Beer is growing faster than the traditional beer market, and the company expects this trend to continue for several years. SAM's advancement in the non-beer categories, including ciders and hard seltzer, as well as brand-building efforts, is expected to fortify its position in the market. Consequently, shares of the Zacks Rank #3 (Hold) company have lost 17.2% in the year-to-date perio ...

The Brewing & Business Experienceship is an annual opportunity for craft brewers across the country to contend for unparalleled expertise from Samuel Adams' professionals, including founder and brewer Jim Koch. Each year, one standout brewer is selected to join a team of mentors at the Samuel Adams Boston Brewery to fine-tune skills for business growth and co-create a specialty beer. The winner also attends the Great American Beer Festival, the premier craft beer event, to uniquely experience the industry a ...