Core Insights - Dogfish Head has launched a new crowd-sourced Rewind Variety Pack, featuring four off-centered ales, two of which were selected by social media followers [1][2][12] - The Rewind Variety Pack includes Raison D'Etre, Chicory Stout, Punkin Ale, and 60 Minute IPA, with three cans of each beer [2][12] - Liquid Truth Serum, a fan-favorite IPA, is also making a comeback as part of Dogfish Head's Small Batch Series, available in select East Coast markets [3][6] Company Overview - Dogfish Head has been committed to brewing unique beers with high-quality culinary ingredients for nearly 30 years, expanding its offerings to include spirits and ready-to-drink cocktails [4] - The company operates multiple venues, including a production brewery, distillery, brewpub, and a beer-themed hotel [4][7] Product Details - 60 Minute IPA (6.0% ABV): Known for its hoppy yet balanced flavor, first brewed in 2003 [6] - Punkin Ale (7.0% ABV): A full-bodied brown ale with real pumpkin, brown sugar, and spices, first brewed in 1994 [6] - Raison D'Etre (8.0% ABV): A Belgian-style brown ale brewed with beet sugar and raisins, first brewed in 1996 [6] - Chicory Stout (5.2% ABV): A dark beer with roasted chicory and organic Mexican coffee, first brewed in 1995 [6] - Liquid Truth Serum (7.0% ABV): An unfiltered IPA brewed using hops in four states, first brewed in 2016 [3][11]

Core Insights - Starcore International Mines Ltd. reported production results for the first fiscal quarter ended July 2025 at its San Martin Mine in Queretaro, Mexico, highlighting a focus on optimizing the CIL process for carbonaceous ore [1][2] Production Results - The company produced 166 equivalent gold ounces from milling 5,370 tons of stockpiled ore with a gold grade of 1.91 g/t and a silver grade of 17.5 g/t, achieving recoveries of 75% for gold and 65% for silver [2] - For the quarter, the San Martin Mine milled 54,247 tonnes, producing 2,130 gold equivalent ounces, which is a 9% decrease from the previous quarter [4] - The gold grade for the quarter was 1.47 g/t, down 6% from the previous quarter, while the silver grade was 12.88 g/t, an 18% decrease [4] Recovery Rates - Gold recovery for the quarter was 77.42%, a decline of 5% from the previous quarter, and silver recovery was 54.78%, down 3% [4] - The company identified issues with lower recoveries from oxide ore due to preg-robbing effects caused by clays in the ore, which absorb gold and silver during processing [3] Operational Developments - The new CIL plant is seen as a viable alternative for processing ore that cannot be treated by cyanidation, particularly for ore from the San Jose Mine [4] - The San Jose Mine area has considerable reserves being developed to feed the oxide plant, although recoveries from this area are lower than those from the San Martin ore [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]

Core Insights - Sin stocks, representing companies in industries like alcohol, tobacco, cannabis, and gambling, are often viewed as unethical but have a history of delivering strong returns due to consistent demand [2][3][4] - These stocks are characterized by their defensive nature, maintaining stable demand even during economic downturns, which allows for strong pricing power and consistent cash flows [3][4] - Despite their potential for robust returns, sin stocks face challenges such as heavy regulation, negative public perception, and ethical concerns that may deter some investors [5][10] Industry Overview - Sin stocks have shown resilience during both economic expansions and contractions, making them appealing for investors willing to overlook ethical concerns [4] - The alcohol sector is experiencing a shift towards premium and craft offerings, while tobacco companies are adapting to declining cigarette use by investing in vaping products [8] - The cannabis industry is rapidly expanding in regions where legalization is increasing, presenting both growth opportunities and volatility [8][9] Company Analysis - **Diageo Plc (DEO)**: Focuses on market share growth through innovation and premiumization in the alcohol sector [6] - **Las Vegas Sands (LVS)**: Concentrates on property upgrades and strategic investments to drive growth in the gambling sector [6][18] - **Turning Point Brands (TPB)**: Building a growth story around established brands and next-generation products, with a focus on smoke-free alternatives [12][13][14] - **Boston Beer Company (SAM)**: Maintains a strong position in the U.S. craft beverage market, emphasizing innovation and operational efficiency to adapt to consumer preferences [15][16][17] - **MGM Resorts International (MGM)**: Holds a leading position in global gaming, enhancing its competitive edge through capital investments and expansion in digital gaming [18][19][20]

Core Insights - Angry Orchard Hard Cider and Horror, Inc. have collaborated to create a short-form vignette titled "Sweet Revenge," featuring real fans as victims of the iconic horror character Jason Voorhees, marking a unique marketing strategy [1][2][3] Company Collaboration - The partnership aims to engage diehard fans by allowing them to participate in the filming, thus creating a memorable experience that aligns with both brands' identities [2][4] - The collaboration celebrates the 45th anniversary of the Jason franchise, enhancing brand visibility and fan engagement [15][19] Product Launch - Angry Orchard is introducing a new 12-can Thriller Variety Pack, which includes a new Blood Orange cider inspired by Jason, featuring glow-in-the-dark packaging [4][5] - The Variety Pack includes three new cider flavors: Blood Orange, Berry Bewitched, and Headless Pumpkin, alongside the returning fan-favorite Cinnful Apple [10] Marketing Strategy - The marketing campaign leverages social media to scout fans, creating a buzz around the collaboration and enhancing brand loyalty [2][3] - The limited-edition designs for the cans feature Jason's hockey mask, appealing to both cider lovers and horror fans [5][10] Distribution and Availability - The new products will be available at retailers nationwide starting September 1, with a focus on seasonal marketing [5] - Fans can view the "Sweet Revenge" vignette on the Angry Orchard website and the Jason Universe YouTube channel, integrating digital engagement into the marketing strategy [6]

Company Overview - Samuel Adams is a leading independent American craft brewer that played a significant role in the craft beer revolution since its inception in 1984 [5][6] - The brewery is known for its flagship brew, Samuel Adams Boston Lager, and has become one of the most awarded breweries globally, focusing on high-quality beer through innovation and experimentation [5][6] Product Launch - Samuel Adams is launching a limited-edition Fall Legends Commissioner's Kit to celebrate fantasy football commissioners, which includes a gavel, a coin, an official commissioner's vest, and a bottle cooler vest, priced at $25.26 [1][2] - The Fall Legends Variety Pack will feature Octoberfest alongside two other fall favorites and a new brew, catering to draft nights, game days, and victory celebrations [4][5] Marketing Collaboration - The company is collaborating with Brian Baumgartner from The Office, who is a long-time fantasy football fan, to promote the campaign [3][4] Seasonal Product Characteristics - Octoberfest is described as a smooth, malty Märzen-style lager with a 5.3% ABV, known for its complex caramel and roasty malt notes [6] - The new Harvest Helles is a crisp lager with a 5.4% ABV, featuring bright citrus and stone fruit notes, while Samuel Adams Jack-O is a refreshing ale with a 4.4% ABV that blends pumpkin with seasonal spices [6]

Leadership Change - Michael Spillane will step down as CEO of Boston Beer Company effective August 15, 2025, to focus on personal matters, but will remain on the board as a non-executive director [1][6] - Jim Koch, the founder and chairman of the board, will take over as CEO, a position he previously held from 1984 until January 2001 [2][6] Company Performance - Under Spillane's leadership, Boston Beer delivered one of its most profitable quarters in many years during the second quarter [3] Company Background - Boston Beer Company, founded in 1984, is one of the largest craft brewers in the United States, known for its high-quality products and innovation in the craft beer and flavored malt beverage categories [4][7] - The company has expanded its offerings to include hard cider, hard seltzer, and hard tea, with core brands such as Angry Orchard, Dogfish Head, Samuel Adams, Truly Hard Seltzer, and Twisted Tea [7]

Core Viewpoint - Starcore International Mines Ltd. reported strong financial results for the year ending April 30, 2025, with significant income from mining operations and positive outlook for the upcoming fiscal year [2][4]. Financial Highlights - The company reported revenues of $32.2 million for the year, an increase from $28.3 million in the previous year, representing a growth of approximately 10% [3]. - Income from mining operations for the year was $6.3 million, compared to $2.4 million in the previous year, indicating a substantial increase [3][4]. - The total income for the fourth quarter was $1.6 million, or $0.02 per share, while the total income for the year was $0.2 million, or $0.00 per share [4]. - Administrative expenses rose to $7.5 million for the year from $4.1 million in the previous year [3]. - The company reported total assets of $56.0 million, up from $52.0 million in the previous year [3]. Production Highlights - Gold production for the year was 8.3 thousand ounces, down from 9.4 thousand ounces the previous year, while silver production decreased to 49.3 thousand ounces from 58.0 thousand ounces [7]. - The mine operating cash cost per equivalent ounce was $1,936 for the year, compared to $1,686 the previous year [10]. - The EBITDA for the year was reported at $2.8 million, with an EBITDA margin of 8.6% [4][3]. Operational Insights - The company completed carbon circuit testing and announced recent acquisitions, which are expected to enhance operations in the coming fiscal year [2]. - The mine's gold recovery rate was 83.1% for the year, while the silver recovery rate was 53.0% [7]. 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 [8]. - The company emphasizes corporate social responsibility and aims to increase long-term shareholder value [8].

Company Overview - The Boston Beer Company, Inc. (SAM) is experiencing significant activity in the options market, particularly with the Sep 19, 2025 $115.00 Call option showing high implied volatility, indicating potential for a major price movement [1][3] Implied Volatility Insights - Implied volatility reflects market expectations for future price movements, suggesting that investors anticipate a significant change in Boston Beer shares, possibly due to an upcoming event [2][4] Analyst Sentiment - Boston Beer currently holds a Zacks Rank of 4 (Sell) within the Beverages - Alcohol industry, which is in the bottom 38% of the Zacks Industry Rank. Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while one has lowered the estimate from $4.82 to $4.77 per share [3][4]

Core Insights - Boston Beer Company, Inc. (SAM) reported second-quarter 2025 results with earnings per share of $5.45, exceeding the Zacks Consensus Estimate of $4.37 and showing a 241% year-over-year improvement [3][9] - Net revenues reached $587.9 million, a 1.5% increase from the prior-year quarter, but fell short of the Zacks Consensus Estimate of $597 million [4] - Despite a 5% decline in depletions due to economic uncertainty and adverse weather, the company gained market share through a diversified brand portfolio and strong innovation [2][7] Financial Performance - Gross profit improved by 9.8% year over year to $292.5 million, with gross margin expanding by 380 basis points to 49.8% [11] - Advertising, promotional, and selling expenses rose by 10.7% to $15.5 million, while general and administrative expenses decreased by 4.7% to $2.3 million [12] - Year-to-date depletions are estimated to have declined by 3% year over year, with distributor inventory levels deemed appropriate [10] Market Position and Guidance - The company raised its gross margin guidance for 2025, now projecting a gross margin of 46-47.3% including tariffs, up from the previous estimate of 44% to 46.5% [17] - Capital spending expectations have been reduced to $70 to $90 million, reflecting a more disciplined investment approach [19] - The company anticipates depletions and shipments to decline in the high single digits to low single digits for 2025, with price increases remaining unchanged at 1% to 2% [16]

Core Viewpoint - Boston Beer (SAM) reported quarterly earnings of $5.45 per share, exceeding the Zacks Consensus Estimate of $4.37 per share, and showing an increase from $4.39 per share a year ago, representing an earnings surprise of +24.71% [1][2] Financial Performance - The company posted revenues of $587.95 million for the quarter ended June 2025, which was 1.48% below the Zacks Consensus Estimate, compared to $579.1 million in the same quarter last year [2] - Over the last four quarters, Boston Beer has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Boston Beer shares have declined approximately 30.7% since the beginning of the year, contrasting with the S&P 500's gain of 8.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.77, with expected revenues of $595.8 million, and for the current fiscal year, the EPS estimate is $9.11 on revenues of $2.05 billion [7] Industry Context - The Beverages - Alcohol industry is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]