The Boston Beer Company’s Upcoming Q3 Earnings Preview
<p>Deutsche Bank provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/SAM'>The Boston Beer Company, Inc. (NYSE:SAM)</a> ahead of the Q3 earnings announcement, expecting the company to report largely in-line results while reiterating its 2022 guidance.</p>
<p>However, the analysts remain cautious about Truly trends and see risk in the company over-extending the Twisted Tea brand as a replacement for lost Truly sales, especially amidst heightened macro uncertainty into 2023. </p>
<p>In comparison to their previous estimates, the analysts raised their revenue and gross margin forecasts behind slightly better volume performance in scanned channels and sequentially easing cost/supply chain pressures. However, they similarly increased expected AP&S spending as they see the company broadly maintaining brand support, especially into a tougher consumer backdrop and as the company renovates the Truly brand, leading their EPS estimate slightly lower. The analysts raised their price target on the company’s shares to $315 from $296, while maintaining their hold rating.</p>

NYSE:SAM