Skip to main content

Market Overview

Boston Beer Scraps FY21 Guidance

Boston Beer Scraps FY21 Guidance
  • Boston Beer Company Inc (NYSE: SAMhas withdrawn its 2021 guidance issued on July 22, 2021, citing uncertainty about hard seltzer demand trends and the resulting impact on its volume trends.
  • The company currently expects FY21 EPS to fall below the previously expected $18.00 - $22.00, excluding ASU 2016-09 impact.
  • Further, Boston Beer now expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs that will be expensed during the remainder of fiscal 2021.
  • The company also cited Industry reports that have estimated full-year 2021 volume for the hard seltzer market retail sales will have over 100 million fewer cases than the volumes estimated in May 2021 and over 30 million fewer cases than the volumes estimated in July 2021.
  • Price Action: SAM shares are trading lower by 8.11% at $513.00 on the last check Thursday.

Related Articles (SAM)

View Comments and Join the Discussion!

Posted-In: BriefsNews Guidance Short Ideas Movers Trading Ideas

Need corporate guidance data?
Click here to see licensing options.
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at