The Boston Beer Company Shares Dropped 8% on 2021 Guidance Cut
<p><a href='https://financialmodelingprep.com/financial-summary/SAM'>The Boston Beer Company, Inc. (NYSE:SAM)</a> shares closed more than 8% lower on Friday, following the company’s published ad-hoc statement yesterday. The company cut its full 2021-year guidance again, now expecting EPS in the range of -$1.00 to $1.00, compared to the prior range of $2.00 - 6.00, reflecting weaker shipment growth from increased wholesaler destocking, and the gross margin impact of heightened supply-chain pressures.</p>
NYSE:SAM