Boston Beer(SAM)
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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 ...
Here's Why Boston Beer (SAM) is a Strong Value Stock
ZACKS· 2024-10-29 14:41
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.Featuring 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, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
Boston Beer's Strategic Moves With Hard Mtn Dew And Twisted Tea Position It For 2025 Gains, Analysts Say
Benzinga· 2024-10-25 18:32
Boston Beer Company, Inc. SAM reported third-quarter results, with net revenue increasing 0.6% to $605.5 million and a gross margin of 46.3%, rising 60 basis points year over year.Piper Sandler analyst Michael S. Lavery increased the price forecast to $330 from $325, with an Overweight rating.The analyst sees potential growth from the national rollout of Hard Mtn Dew within its own distribution network, primarily in 2025.While transition disruptions have been more significant than expected, Hard Mtn Dew sal ...
Boston Beer's Q3 Earnings Beat Estimates, EPS Guidance Narrowed
ZACKS· 2024-10-25 17:05
The Boston Beer Company, Inc. (SAM) posted third-quarter 2024 results, wherein the bottom line surpassed the Zacks Consensus Estimates, while the top line missed the same. Both net sales and earnings increased from the year-ago period. Results benefited from price increases, lower returns and improved margins, offset by soft volume trends for Truly Hard Seltzer. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The craft brewer reported third-quarter adjusted earnings per share (EPS) ...
Boston Beer (SAM) Q3 Earnings Top Estimates
ZACKS· 2024-10-24 22:40
Boston Beer (SAM) came out with quarterly earnings of $5.35 per share, beating the Zacks Consensus Estimate of $4.96 per share. This compares to earnings of $4.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.86%. A quarter ago, it was expected that this brewer would post earnings of $4.99 per share when it actually produced earnings of $4.39, delivering a surprise of -12.02%.Over the last four quarters, the company has su ...