Q1 2026 Boston Beer Company Inc Earnings Call Transcript

Apr 30, 2026 / 09:00 PM GMT

Release Date Price: MXN3603.5

Transcript 10-Q8-K

Key Points

Positve

Boston Beer Co Inc (SAM) reported a 49.3% gross margin for the first quarter, showing strong progress in margin enhancement initiatives.
Twisted Tea and Sun Cruiser brands are experiencing growth, with Sun Cruiser becoming a top 5 spirits RTD and the fastest-growing brand in its category.
The company has repurchased over $30 million in shares year-to-date, indicating strong cash flow and shareholder value focus.
Angry Orchard and Dogfish Head brands have experienced four consecutive quarters of growth.
Boston Beer Co Inc (SAM) is expanding its advertising and partnerships, including a multi-year USGA partnership for Sun Cruiser and a sponsorship with the US men's soccer team for Truly.

Negative

Truly brand continues to lose market share, impacting overall performance.
First quarter depletions were down 4%, and shipments decreased by 6.9%, reflecting challenges in certain product lines.
The company faces volume headwinds for 2026 due to a dynamic macroeconomic environment and evolving geopolitical developments.
Revenue for the quarter decreased by 4.4% due to lower volume, despite price increases and favorable product mix.
Boston Beer Co Inc (SAM) recorded $216 million in pre-tax litigation expenses related to a supplier contract dispute, impacting financial results.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SAM.N - Boston Beer Company Inc
Q1 2026 Boston Beer Company Inc Earnings Call
Apr 30, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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And welcome to the Boston beer Company 1st quarter, 2026 earnings call.

At this time all participants are on the listen-only mode.

A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance, please press 0 on your telephone keypad.

As a reminder, this conference is being recorded.

It's now my pleasure to introduce Mike Andrews, associate general counsel and corporate secretary.

Please go ahead.

Thank you.

Good afternoon and welcome.

This is Mike Andrews, associate general counsel and corporate secretary of the Boston Beer Company

I'm pleased to kick off our 2026 1st quarterings

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