Rumors that Suntori was preparing to make an offer for the brewer appear to have been unfounded. On Friday, investors sent shares of Boston Beer (SAM -4.98%) up 22% on reports that the U.S. brewer was in talks to sell itself. Alas, the alleged suitor has poured cold water on that excitement. Shares of Boston Beer were trading down by 8% as of 10 a.m. ET Monday after Japanese whiskey maker Suntory said it was not in discussions to buy the company. Will they or won't they? Boston Beer and Suntory have been wo ...

Boston Beer Company Inc (NYSE:SAM) stock jumped 22.3% on Friday, after rumors that Japanese beverage company Suntory Holdings was in early negotiations to buy the company. Suntory has since denied the claims, however, and Boston Beer stock is down 7.1% at $291.52 at last look. SAM's Friday pop furthered it from its May 28 five-year low of $254.40, and the shares are still a hefty premium to those levels. Year to date, the equity is down 15.9%. Options bears are targeting SAM at a higher-than-usual volume th ...

Dave DeCecco Boston Beer Company 617-368-5000 dave.dececco@bostonbeer.com Boston, May 31, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM) is aware of today's Wall Street Journal article on company sale speculation. We do not comment on rumors. We are fully focused on our business as an independent company and our return to growth. ...

Samuel Adams is a leading independent, American craft brewer that helped to launch the craft beer revolution. The brewery began in 1984 when Founder and Brewer Jim Koch used a generations-old family recipe to brew beer in his kitchen. Inspired and unafraid to challenge conventional thinking about beer, Jim brought the recipe to life with hopes drinkers would appreciate the complex, full-flavor and started sampling the beer in Boston. He named the flagship brew Samuel Adams Boston Lager in recognition of one ...

Boston, May 21, 2024 (GLOBE NEWSWIRE) -- Known for its commitment to high-quality ingredients and innovation, The Boston Beer Company today announces the launch of its latest offering: Samuel Adams American Light. Distinctly American, this light craft lager is a crisp, refreshing, great-tasting, easy-to-drink beer perfect for everyday drinking occasions. The brewers behind Samuel Adams – the #1 most trusted brand within craft[1] – spent countless hours perfecting the American Light recipe. With an ABV of 4. ...

The Boston Beer Company Inc. (SAM) is positioned to benefit from its strong portfolio of globally recognized brands, the progress of its Beyond Beer strategy, the premiumization of the beer industry and robust trends for its twisted tea brand. Additionally, we expect Boston Beer's continued focus on pricing, product innovation, and growth of non-beer categories alongside brand development to boost its operational performance and position in the market. Benefits from these were well demonstrated in the compa ...

Full-year 2024 reported gross margins are expected to be between 43% and 45%. We expect commodity inflation in 2024, but at a lower rate than 2023, primarily driven by sweeteners and flavorings. We continue to expect to cover commodity inflation dollars with pricing, but do expect some additional margin headwinds from higher labor costs in our breweries. Where we land within the range of our guidance will be somewhat dependent on the mix of products sold. During the 13-week period ending March 30, 2024, and ...

Investor Relations Contact: Media Contact: Jennifer Larson Dave DeCecco (617) 368-5152 (914) 261-6572 jennifer.larson@bostonbeer.com dave.dececco@bostonbeer.com Exhibit 99 BOSTON BEER REPORTS FIRST QUARTER FINANCIAL RESULTS BOSTON (April 25, 2024) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the first quarter ended March 30, 2024. Key results were: First Quarter 2024 Summary: Capital Structure "We were pleased to see flat depletion trends in the first quarter and to del ...

Company Participants Conference Call Participants Michael Andrews The company does not undertake to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. As I look back on our 2023 performance, I'm encouraged that we saw steady sequential improvement in depletions as we move through the year. On a comparable week's basis, our depletions improved from a decrease of 7% in the first half to a decrease of 3% in the third quarter and a decrease of 1% in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION THE BOSTON BEER COMPANY, INC. Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 1-14092 | | Trading | Name of each exchange | | --- | --- | --- | | Title of each ...