Boston Beer Reports Second Quarter Financial Results

BOSTON, July 25, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the second quarter ended June 29, 2024. Key results were: Second Quarter 2024 Summary: Depletions decreased 4% and shipments decreased 6.4% Net revenue of $579.1 million decreased 4.0% Gross margin of 46.0% up 60 basis points year over year Net income of$ 52.3 million, a decrease of $5.7 million or 9.8% Diluted income per share of$ 4.39 Year-to-date 2024 Summary: Depletions decreased 2% ...