Boston Beer Net Income drops 9.8% in Q2

Boston Beer reported a 6.4% year-over-year drop in shipment volumes and revised volume guidance down for the full year. Net revenue fell 4% year over year due to lower shipment volumes. Rising production costs contributed to net income falling 9.8% to $52.3 million. Management revised down volume guidance for the full year. Overall, the quarter was a disappointing performance with some notable declines. Source: Boston Beer. YOY = Year over year. Boston Beer specializes in producing and selling alcoholic bev ...