Boston Beer(SAM) - 2024 Q2 - Quarterly Results

BOSTON BEER REPORTS SECOND QUARTER FINANCIAL RESULTS BOSTON (July 25, 2024) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the second quarter ended June 29, 2024. Key results were: • Depletions decreased 4% and shipments decreased 6.4% • Gross margin of 46.0% up 60 basis points year over year • Diluted income per share of $4.39 • Net revenue of $1.005 billion decreased 0.8% • Net income of $64.9 million, an increase of $15.9 million or 32.3% Capital Structure • Repurchase ...