Boston Beer Company misses Q2 revenue estimateslow

Boston Beer

24/07/2025 21:43

Updates to remove the word 'low' from headline

Overview

Boston Beer Q2 revenue up 1.5% to $587.9 mln, missing analyst expectations

Net income for Q2 rises 15.5% to $60.4 mln, driven by higher margins

Co repurchased $110.5 mln in shares, reflecting strong cash position

Outlook

Boston Beer expects full-year depletions down high single to down low single digits

Company raises full-year gross margin (including tariffs) guidance to 46%-47.3%

EPS guidance unchanged, but tariff impact revised to $0.96-$1.28 per share

Boston Beer anticipates shipment declines in low to mid-teens in Q3

Result Drivers

ECONOMIC UNCERTAINTY - Depletions declined due to economic uncertainty impacting consumer behavior and poor weather in key selling weeks, per Chairman Jim Koch

GROSS MARGIN IMPROVEMENT - Gross margin increased due to improved brewery efficiencies, procurement savings, and favorable product mix

BRAND PERFORMANCE - Growth in Sun Cruiser and Dogfish Head brands partially offset declines in Truly Hard Seltzer and Samuel Adams brands

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$587.90 mln
$588.70 mln (10 Analysts)
Q2 Net Income
$60.40 mln
Q2 Gross Margin
49.8%


Press Release: ID:nGNX2YBP0D

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)