Boston Beer(SAM)
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Samuel Adams Offers Two Dry January Tips: Try Just The Haze IPA and Don’t Waste Great Beer
Globenewswire· 2025-01-07 13:25
Samuel Adams “Our American Dream Cookbook” 80 Inspiring Food & Beverage Entrepreneurs Come Together in a First-of-its-Kind Culinary Guide Samuel Adams Just The Haze Award-winning Non-Alcoholic IPA with tropical fruit aromas and a smooth hoppy finish Boston, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Samuel Adams, America’s #1 most trusted craft beer brand, is offering two simple tips to Dry January participants on how to make it to the finish line: Try Samuel Adams Just the Haze Non-Alcoholic IPADon’t Wast ...
Is Boston Beer Stock a Buy, Hold or Sell at a 24.98X P/E Multiple?
ZACKS· 2024-12-30 16:46
The Boston Beer Company, Inc. (SAM) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 24.98X, higher than the industry average of 15.12X and the S&P 500’s 22.40X. A P/E ratio higher than the industry average often reflects investor confidence in a company's growth potential or market positioning. However, it also implies higher expectations and any earnings shortfall could lead to significant downward pressure on the stock price.SAM Stock's P/E PerformanceImage Source: Zacks Invest ...
Boston Beer Amends Production Agreement With Rauch, Revises 2024 View
ZACKS· 2024-12-23 18:16
The Boston Beer Company, Inc. (SAM) has been making strategic initiatives to aid growth. SAM’s consistent focus on pricing, product innovation and growth of non-beer categories, alongside brand development, bodes well. In the latest update, the company has made an amendment and restatement entirely in its present production agreement with Rauch North America Inc (Rauch), its third-party supplier. This comes as part of its continuous efforts related to supply-chain optimization. Consequently, management has ...
BOSTON BEER UPDATES 2024 FINANCIAL GUIDANCE TO REFLECT SUPPLIER CONTRACT AMENDMENT
Globenewswire· 2024-12-20 21:15
BOSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- As part of its ongoing initiatives to optimize its supply chain, The Boston Beer Company, Inc. (NYSE: SAM), today announced an amendment and restatement in its entirety of an existing production agreement with a third-party supplier, Rauch North America Inc (‘Rauch’). This amendment adjusts the existing production agreement to better match the Company’s future capacity requirements and results in increased production flexibility and more favorable termination rights ...
Boston Beer Gains From Brand Strength & Innovation: Apt to Hold?
ZACKS· 2024-12-17 18:51
Core Insights - Boston Beer Company, Inc. (SAM) has been focusing on pricing, product innovation, and growth in non-beer categories, which has positively impacted its stock performance, gaining 12% over the past three months compared to a 9.6% decline in the industry [1] Growth Efforts - The company is innovating core flavors and aims to enhance Truly brand trends through a renewed focus on its core business, smart brand innovation, and strong distributor support [2] - SAM's Truly flavored bottle Vodka and Truly Vodka Seltzer have shown strong performance, with plans to reformulate core Truly flavors by adding real fruit juice for improved taste [3] Financial Performance - Boston Beer is benefiting from strong price realization and procurement savings, which have helped maintain gross margins despite inflationary pressures [4] - The Zacks Consensus Estimate for Boston Beer’s 2024 earnings per share (EPS) indicates a growth of 39.1% year over year, with further growth projections of 2.6% in sales and 21% in EPS for 2025 [10] Product Launches - The recent launch of Emerald Hour, a lineup of non-alcoholic cannabis cocktails, aims to cater to consumers seeking enjoyable, alcohol-free options [5][6] Challenges - Despite its strengths, Boston Beer faces weak depletions and challenges in the hard seltzer category, attributed to a loss of novelty and a shift in consumer preference back to premium light beers due to lower pricing [7][8] - The company is focused on reviving its Samuel Adams and Angry Orchard brands while implementing cost-saving initiatives and long-term innovation strategies [9]
Starcore Reports Q2 Results
Newsfile· 2024-12-13 23:41
Core Insights - Starcore International Mines Ltd. reported its financial results for the second quarter ended October 31, 2024, highlighting a two-month closure of mining operations due to safety upgrades mandated by the Mexican Labor Department [2][3] - The company has resumed robust mining and plant operations since October 20, 2024, which is expected to positively impact future financial results [2] Financial Highlights - Cash on hand is CAD 3.7 million and working capital is CAD 4.1 million as of October 31, 2024 [2] - Gold and silver sales totaled CAD 4.9 million for the quarter [2] - The company reported a loss from mining operations of CAD 0.4 million and a net loss of CAD 2.1 million, or CAD 0.03 per share [2][3] - EBITDA for the quarter was CAD 0.4 million, with an EBITDA margin of 2.7% [3][4] Production Highlights - Equivalent gold production for the quarter was 1,466 ounces, with mine operating cash costs of USD 2,743 per equivalent ounce [5] - All-in sustaining costs for the six months ended October 31, 2024, were USD 2,479 per equivalent ounce [5] - Mine production statistics included 1.4 thousand ounces of gold and 7.6 thousand ounces of silver produced in dore for the quarter [5] Operational Metrics - The mine gold grade was 1.10 grams/tonne, and the mine silver grade was 9.81 grams/tonne for the quarter [5] - Gold recovery was 80.3%, while silver recovery was 49.2% [5] - The total milled amount was 48.2 thousand tonnes for the quarter [5] Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and has expanded its operations internationally [6] - The company emphasizes corporate social responsibility and aims to enhance long-term shareholder value [6]
Starcore Announces Second Quarter Production Results
Newsfile· 2024-11-20 22:59
Core Viewpoint - Starcore International Mines Ltd. has reported production results for the second fiscal quarter ended October 2024, highlighting a temporary suspension of operations at the San Martin Mine due to a fatality, followed by a resumption of operations after meeting safety standards [1][2]. Production Results - Ore milled in Q2 2025 was 48,248 tonnes, a decrease of 3% from Q1 2025 [4] - Gold equivalent ounces produced were 1,466, reflecting a significant decline of 48% compared to Q1 2025 [4] - The average gold grade was 1.10 grams per tonne, down 43% from the previous quarter, while the silver grade was 9.81 grams per tonne, a decrease of 51% [4] - Gold recovery rate was 80.25%, down 6% from Q1 2025, and silver recovery rate was 49.16%, down 14% [4] Safety and Operational Improvements - Following a fatal incident, the company has implemented enhanced safety protocols to ensure the San Martin Mine operates at the highest safety standards [2] - The mine resumed normal operations in October after fulfilling all safety requirements set by the Mexican labor authority [2] Resource and Recovery Testing - The company is conducting tests to optimize the recovery of gold and silver from approximately 1 million tonnes of carbonaceous ore, with an average grade of 3.1 grams of gold and 20 grams of silver [3] - Industrial testing is set to begin in mid-December based on positive preliminary results from laboratory tests [3] Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and is involved in exploration and development projects across North America and Côte d'Ivoire [5] - The company emphasizes corporate social responsibility and aims to enhance long-term shareholder value [5]
Why Boston Beer (SAM) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-11-19 15:56
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...
Why Boston Beer (SAM) is a Top Value Stock for the Long-Term
ZACKS· 2024-11-14 15:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...
Dogfish Head Drops Limited-Edition “24 Days of Dogfish Head” Package
GlobeNewswire News Room· 2024-11-01 14:00
MILTON, Del., Nov. 01, 2024 (GLOBE NEWSWIRE) -- The holiday season is almost here! Whether you’re counting down to the festivities or looking to score the perfect gift for the craft beverage lover in your life, Dogfish Head is making spirits (and taste buds!) bright this holiday season with a new, limited-edition “24 Days of Dogfish Head” package. It’s a 24-day exploration of goodness containing a curated selection of flavorful brews, ready-to-drink cocktails and merchandise – it’s all folks need to countdo ...