Boston Beer Reports Disappointing Q4 & 2022 Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/SAM'>Boston Beer Co. (NYSE:SAM) </a>reported its Q4 results, with EPS of ($4.22) coming in worse than the consensus estimate of $0.99. Revenue was $348.1 million, below the consensus of $365.51 million.</p>
<p>The Hard Seltzer category was yet again the thorn in the company’s side, as supply chain constraints twinned with wholesaler destocking affected shipment volumes. </p>
<p>All eyes were on 2022 guidance, however. The company expects 2022 EPS in the range of $11.00-$16.00, significantly lower than the consensus estimate of $16.13.</p>
<p>While recent product innovations have led management to encouragingly maintain its 2022 forecast for the Hard Seltzer category, tough comparatives limit visibility. In combination with both the downgrades to shipment and depletion guidance, as well as the mid-point of the new EPS guidance coming in below consensus expectations, there remains some way to go to rebuild investor confidence.</p>

NYSE:SAM