The Boston Beer Company (NYSE:SAM) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Company ParticipantsBonnie Herzog - Managing DirectorDara Mohsenian - Managing DirectorDiego Reynoso - CFOJim Koch - Founder and ChairmanKaumil Gajrawala - Managing DirectorMichael Lavery - Managing DirectorMike Andrews - Associate General Counsel and Corporate SecretaryRobert Ottenstein - Managing DirectorConference Call ParticipantsFilippo Falorni - Equity Research AnalystNadine Sarwat - Equity Research AnalystPeter Gro ...

The Boston Beer Company (NYSE:SAM) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Company ParticipantsBonnie Herzog - Managing DirectorDara Mohsenian - Managing DirectorDiego Reynoso - CFOJim Koch - Founder and ChairmanKaumil Gajrawala - Managing DirectorMichael Lavery - Managing DirectorMike Andrews - Associate General Counsel and Corporate SecretaryRobert Ottenstein - Managing DirectorConference Call ParticipantsFilippo Falorni - Equity Research AnalystNadine Sarwat - Equity Research AnalystPeter Gro ...

The Boston Beer Company (NYSE:SAM) Q4 2025 Earnings call February 24, 2026 05:00 PM ET Speaker9Please note that this conference is being recorded. I will now turn the conference over to Mike Andrews, Associate General Counsel and Corporate Secretary. Thank you, Mike. You may begin.Speaker7Thank you. Good afternoon, and welcome. This is Mike Andrews, Associate General Counsel and Corporate Secretary of The Boston Beer Company. I'm pleased to kick off our 2025 fourth quarter earnings call. Joining the call fr ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

Shares of Molson Coors Beverage Company (NYSE:TAP – Get Free Report) gapped down prior to trading on Thursday after Needham & Company LLC lowered their price target on the stock from $54.00 to $52.00. The stock had previously closed at $50.82, but opened at $47.61. Needham & Company LLC currently has a buy rating on the stock. Molson Coors Beverage shares last traded at $48.3020, with a volume of 1,702,446 shares trading hands. Get Molson Coors Beverage alerts: TAP has been the subject of a number of other ...

For the quarter ended December 2025, Molson Coors Brewing (TAP) reported revenue of $2.66 billion, down 2.7% over the same period last year. EPS came in at $1.21, compared to $1.30 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.72 billion, representing a surprise of -2%. The company delivered an EPS surprise of +3.53%, with the consensus EPS estimate being $1.17.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Molson Coors Beverage Company (NYSE:TAP) 2026 Conference Summary Company Overview - Molson Coors is a top five global brewer operating in approximately 80 countries with around 16,000 employees, focusing on uniting people to celebrate life's moments [4][3] - The company has undergone a transformation journey to return to growth, completing its revitalization plan and now focusing on accelerating growth and reducing complexity [1][4] Core Points and Arguments Transformation and Growth Strategy - The new plan, Horizon 2030, aims to rewire the business for growth in a changing market, emphasizing bold opportunities and consumer engagement [9][10] - The company has maintained about 70% of the market share gained in the U.S. in 2023 and has increased premiumization by approximately 5 percentage points [4][5] - The Beyond Beer strategy is contributing nearly 10% of revenue, with brands like Topo Chico Hard and Fever-Tree leading this segment [5][4] Financial Performance and Guidance - The company faced significant industry headwinds in 2025, including cost inflation and a one-time incentive lapse, impacting 2026 guidance [6][37] - Cost inflation from Midwest premium and aluminum pricing is expected to create a $125 million headwind in 2026 [37][38] - The company plans to implement a three-year cost savings program targeting up to $450 million, starting in 2026, to mitigate inflation impacts and support growth [27][28] Capital Allocation and Shareholder Returns - Molson Coors has a strong cash generation capability, delivering over $1.1 billion in 2025 and expecting similar results in 2026 [26][27] - The company is committed to increasing dividends and has executed 72% of its $2 billion share buyback program ahead of schedule, now extending it to $4 billion through 2031 [33][34] - Capital expenditures are expected to be approximately $650 million annually, focusing on margin-enhancing projects and technology investments [29][30] Market Position and Consumer Engagement - The company aims to strengthen its core brands while transforming its above-premium and Beyond Beer strategies [10][11] - There is a focus on the value segment due to economic pressures on consumers, with selective investments in brands like Miller High Life Light and Keystone Apple [13][14] - Marketing efforts will emphasize real-life connections and occasions, with campaigns like the Miller Lite initiative and "Just bring the beer" to enhance beer's relevance in social moments [22][23] Additional Important Insights - The company recognizes the need for a local approach in its operations, emphasizing P&L accountability at the market level to drive better decision-making [19][60] - Investments in AI and technology are planned to enhance sales and marketing capabilities, aiming for efficiency and value generation [20][21] - The company is committed to improving market share and portfolio transformation, with key metrics including market share improvements, mix enhancement, and margin growth [25][71] This summary encapsulates the key points from the Molson Coors Beverage Company conference, highlighting their strategic direction, financial outlook, and market engagement initiatives.

C A G N Y 2 0 2 6 Market and Industry Data: The market and industry data used, if any, in this presentation, are based on independent industry publications, customers, trade or business organizations, reports by market research firms and other published statistical information from third parties , including Circana (formerly Information Resources, Inc.) for U.S. market data and Beer Canada for Canadian market data (collectively, the Third Party Information"), as well as information based on management's goo ...

Q4 & FY 2025 RESULTS & OUTLOOK FORWARD LOOKING STATEMENTS & OTHER INFORMATION This presentation includes "forward-looking statements" within the meaning of the U.S. federal securities laws. Generally, the words "expects," "intends," "goals," "plans," "believes," "confidence", "views," "continues," "may," "anticipate," "seek," "estimate," "outlook," "trends," "future benefits," "potential," "projects," "strategies," and variations of such words and similar expressions are intended to identify forward-looking ...

Core Viewpoint - Anheuser-Busch InBev's stock surged 6% this week following an earnings beat and multiple analyst upgrades, reflecting strong performance and positive market sentiment towards the company [1]. Group 1: Stock Performance - Anheuser-Busch InBev (BUD) gained 6% this week, outperforming the S&P 500 and consumer staples peers, with a year-to-date increase of 25.5% compared to 15.2% for the sector [1]. - The stock is currently trading at $80.39, nearing its 52-week high of $81.56, and has surged 54% over the past year, significantly outperforming the sector's 13% return [1]. Group 2: Analyst Upgrades - Evercore ISI raised its price target for BUD from $75 to $100, a 33% increase, indicating a potential 24% upside from current levels [1]. - Wells Fargo also raised its price targets for BUD, first to $85 and then to $88, while other firms like Goldman Sachs, Barclays, and JPMorgan reaffirmed Buy ratings with targets between $77 and $94 [1]. - The average analyst target for BUD is now $79.10, with 9 Buy or Strong Buy ratings compared to 3 Holds and no Sells, signaling a fundamental shift in market perception [1]. Group 3: Earnings Performance - Anheuser-Busch InBev reported Q4 EPS of $0.95, beating the consensus estimate of $0.89 by 7%, with revenue of $15.55 billion and organic revenue growth of 2.5% [1]. - This marks the fourth consecutive quarter that BUD has exceeded earnings estimates, generating $11.3 billion in free cash flow last year and expanding margins by 101 basis points [1]. - Management has guided for 4% to 8% EBITDA growth for 2026, indicating confidence despite volume challenges in markets like China and Brazil [1]. Group 4: Valuation Concerns - BUD is trading at 27 times trailing earnings, which is considered elevated for a beverage company facing volume pressures [1]. - Short interest in BUD is low at 0.9% of the float, but it has increased by 7% recently, indicating mixed sentiment among institutional investors [1]. - The bull case for BUD relies on the success of its premium brand strategy and margin expansion, while the bear case highlights potential volume declines and geographic weaknesses that could impact growth [1].