AP NEWS
Click to copy
Click to copy

Boston Beer: 2Q Earnings Snapshot

July 25, 2019

BOSTON (AP) _ Boston Beer Co. (SAM) on Thursday reported second-quarter earnings of $27.9 million.

On a per-share basis, the Boston-based company said it had profit of $2.36. Earnings, adjusted for pretax gains, were $2.34 per share.

The brewer posted revenue of $318.4 million in the period.

Boston Beer expects full-year earnings to be $8.30 to $9.30 per share.

Boston Beer shares have risen 60% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $386.38, an increase of 18% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAM at https://www.zacks.com/ap/SAM

All contents © copyright 2019 The Associated Press. All rights reserved.