BOSTON BEER CO INC 8K

Boston Beer reported weaker Q2 2026 volumes and revenue but higher margins, a litigation-driven year-to-date GAAP loss, and updated full-year guidance including significant non-recurring supplier dispute litigation impacts and continued strong liquidity.

The Boston Beer Company, Inc. (NYSE: SAM) reported its second quarter 2026 financial results for the period ended June 27, 2026, disclosing a 6% decline in depletions, a 4.5% decline in shipments, and a 3.3% decrease in net revenue to $568.3 million, while gross margin improved to 50.4% and GAAP diluted EPS was $4.96, including a $1.31 per share benefit from a favorable adjustment related to previously disclosed supplier dispute litigation. Year-to-date, the company reported a GAAP diluted loss per share of $8.99 driven by $192.6 million of supplier-dispute litigation expense (judgment plus pre- and post-judgment interest) and related legal fees, partially offset in Q2 by a litigation reduction, and provided updated full-year 2026 guidance including non-GAAP EPS of $8.50–$10.50, gross margin of 48.5%–50.0%, and revised expectations for advertising spend. The company highlighted improved brewery efficiencies and supply chain transformation as drivers of margin expansion, noted that depletions through July 18, 2026 are estimated to be down about 5% year over year, and stated it ended the quarter with $265.5 million in cash, no debt, and sufficient liquidity (including a $150 million unused credit line) to fund operations and potential litigation-related payments, while continuing share repurchases totaling $54.1 million year-to-date.

Filing Facts

CIK

949870

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-314187

Alert Tier

7