Boston Beer(SAM)

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Boston Beer (SAM) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2024-07-18 15:08
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 ...
Starcore Begins Exploration at its Gold Project in Cote d'Ivoire
Newsfile· 2024-06-25 06:30
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].
TeaPot Launches Two New Summer Flavours
Newsfilter· 2024-06-24 12:00
Core Insights - TeaPot, a cannabis-infused iced tea brand from The Boston Beer Company, is expanding its product lineup with the introduction of Lemonade Iced Tea and CBD Lemon Black Tea [1][4]. Product Details - CBD Lemon Black Tea contains 20mg of CBD and less than 0.5mg of THC, offering a refreshing beverage with 100 calories, currently available in Ontario and Quebec with plans for further expansion [2]. - Lemonade Iced Tea is a blend of black tea and lemonade infused with 5mg of THC, containing 130 calories per 355mL can, also available in Ontario and Quebec with expansion plans throughout the year [3]. Company Background - The Boston Beer Company, established in 1984, is a leading craft brewer in the U.S., known for its high-quality products and innovation in "beyond beer" categories, including hard cider, hard seltzer, and hard tea [6].
TRULY® HARD SELTZER HEATS UP U.S. SOCCER PARTNERSHIP IN TIME FOR SUMMER KICK-OFF
Newsfilter· 2024-06-17 15:44
"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
Newsfile· 2024-06-17 06:30
. 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. ...
Can Boston Beer's (SAM) Beyond Beer Expansion Aid Growth?
ZACKS· 2024-06-14 16:30
Core Insights - The company is expanding its Beyond Beer category, which is growing faster than the traditional beer market, and expects this trend to continue for several years [1][15] - The company has faced challenges, with shares down 17.2% year-to-date compared to an 11.5% decline in the industry [2] - The company is focusing on innovation to revive the Truly brand and expand Twisted Tea's potential, with expectations for improved trends through brand innovation and strong distributor support [3][20] Company Performance - The Truly brand has experienced marked declines in recent quarters due to weak depletions and challenges in the hard seltzer category, attributed to a loss of novelty and a shift in consumer preference towards premium light beers [18][21] - Twisted Tea has been a significant growth driver, with double-digit growth in the first quarter of 2024, supported by improved distribution and effective brand-building campaigns [23] Market Position and Strategy - The company has retained its niche in the market through its Beyond Beer strategy, premiumization of the beer industry, and strong trends for its Twisted Tea brand [20] - Strategic pricing actions have been implemented to enhance the company's competitive position, leveraging consumer willingness to pay a premium for unique craft beers [17] - The company anticipates continued pricing gains, estimating price increases of 1-2% for 2024 [11] Future Outlook - The hard seltzer category is expected to remain under pressure, with anticipated volume declines in the low teens for 2024 [12] - The company is benefiting from strong price realization and procurement savings, which are expected to offset increased inflationary costs [22]
SAMUEL ADAMS SELECTS CROWNS & HOPS BREWING CO. AS 2024 BREWING & BUSINESS EXPERIENCESHIP WINNER
GlobeNewswire News Room· 2024-06-13 13:15
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 ...
SAMUEL ADAMS SELECTS CROWNS & HOPS BREWING CO. AS 2024 BREWING & BUSINESS EXPERIENCESHIP WINNER
Newsfilter· 2024-06-13 13:15
Core Insights - Samuel Adams Brewing the American Dream® has awarded Crowns & Hops Brewing Co. as the winner of its 13th Brewing & Business Experienceship, providing mentorship and capital to food and beverage entrepreneurs [1][2][6] Company Overview - Crowns & Hops Brewing Co. is a Black-owned, woman-owned, and veteran-owned brewery co-founded by Beny Ashburn and Teo Hunter in 2016, aiming to increase representation of Black and Brown individuals in the beer community [3][6] - The brewery has created a brand that challenges traditional craft beer industry models and focuses on community building and culture preservation [3][6] Program Details - The Brewing & Business Experienceship offers selected craft brewers mentorship from Samuel Adams professionals, including founder Jim Koch, and the opportunity to co-create a specialty beer [2][4] - The winner also participates in the Great American Beer Festival, gaining unique industry experience [2] Event Highlights - The winner announcement was celebrated at the Crafting Dreams Beer Bash, where Crowns & Hops and five other finalists showcased their beers and shared personal business stories [4] - Attendees voted for their favorite brewer, influencing Samuel Adams' final selection [4] Product Information - Crowns & Hops showcased "The Dopest" Hazy IPA at the event, which has an ABV of 6.8% and is noted for its floral, citrus, and sweet fruit flavors [5] Future Plans - Crowns & Hops will collaborate with Samuel Adams to create a special brew and participate in the Great American Beer Festival in Denver [6]
Starcore Closes Non-Brokered Private Placement
Newsfile· 2024-06-07 21:35
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2024) - Further to its news release of May 13, 2024, Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Financing"), raising $500,000 in gross proceeds through the issuance of 3,333,333 units (the "Units") at a price of $0.15 per Unit. Each Unit is comprised of one common share and one common share purchase warrant (the "Warrant"), with each Warran ...
Dogfish Head & Dan-O's Seasoning to Debut Limited-Edition Grilling Kit
Newsfilter· 2024-06-06 17:10
MILTON, Del., June 06, 2024 (GLOBE NEWSWIRE) -- Just in time for the official start of summer, Dogfish Head and Dan-O's Seasoning are giving everyone another reason to fire-up their grills – a limited-edition, collaborative grilling kit with everything needed to host the ultimate backyard barbeque! Complete with beers, seasoning blends and recipes, the Dogfish Head x Dan-O's grilling kit will be available exclusively at GiveThemBeer.com, beginning Friday, June 7, while supplies last. Because nothing pairs b ...