Boston Beer (SAM) Q2 Earnings Miss Estimate, Shipments Dip 6.4%

The craft brewer reported second-quarter earnings per share of $4.39 per share, which missed the Zacks Consensus Estimates of $4.99 per share and declined 7% year over year. Shares of this Zacks Rank #4 (Sell) company have lost 5.3% in the past three months compared with the industry's decline of 4.3%. Quarter in Detail The company experienced lower-than-targeted distributor inventories as of Jun 29, 2024, which resulted in SAM failing to ship adequate amounts to meet the improving demand in the latter week ...