SAM Earnings Prediction
The chart below shows how SAM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SAM sees a -0.80% change in stock price 10 days leading up to the earnings, and a -1.94% change 10 days following the report. On the earnings day itself, the stock moves by +0.20%. This data can give you a slight idea of what to expect for the next quarter's release.
SAM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
605.48M
0.64%
4.56%
Gross Margin
46.28%
1.38%
0.59%
Operating Margin
14.61%
10.10%
14.05%
Net Margin
5.54%
-26.43%
-38.72%
EPS
2.86
-22.70%
-34.85%
No Data Available
SAM Earnings Analysis
Boston Beer Company Corporation (SAM.N) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue for the quarter increased 0.6% due to price increases and lower returns, partially offset by lower volumes.
Gross Margin Improvement: Our third quarter gross margin of 46.3% increased 60 basis points from the 45.7% margin realized in the prior year.
Gross Margin Improvement Factors: Gross margin primarily benefited from price increases, procurement savings, and lower returns, which more than offset higher inventory obsolescence and increased inflationary costs.
Non-GAAP EPS Increase: We reported non-GAAP EPS of $5.35 per diluted share, an increase of $0.68 or 15% compared to the third quarter of the last year.
Strong Cash Flow Position: We generated over $200 million in operating cash flow this year and have a cash balance of $256 million at the end of the third quarter with no debt.
Negative
Depletions and Shipments Decline: Depletions in the third quarter decreased 3% and shipments decreased 1.9% from the prior year.
Quarterly Revenue Increase: Revenue for the quarter increased 0.6% due to price increases and lower returns, partially offset by lower volumes.
Gross Margin Improvement: The third quarter gross margin of 46.3% increased 60 basis points from the 45.7% margin realized in the prior year, but gross margin was primarily benefited from price increases, procurement savings and lower returns, which more than offset higher inventory obsolescence and increased inflationary costs.
Administrative Expense Increase: General and administrative expenses increased $1.6 million or 3.7% year-over-year, primarily due to increased professional fees.
Impairment Charge Impact: The third quarter included a $42.6 million non-cash impairment charge or $2.49 per diluted share, primarily for the Dogfish Head brand that resulted from the Company's annual impairment analysis.
SAM FAQs
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SAM Earning Call Sentiment
The Boston Beer Company, Inc. (SAM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SAM.N
1.11%Positive
The earnings call indicates strong financial performance with increased revenue and gross margin, alongside a significant share repurchase program, which is a positive signal for investors. Despite the impairment charge and economic factors affecting demand, management has provided optimistic guidance, particularly for Twisted Tea and Sun Cruiser. The Q&A session revealed positive consumer reception and confidence in future growth. Considering the market cap of $3.6 billion, the stock is likely to experience a moderate positive movement, falling into the 2% to 8% range over the next two weeks.
