Boston Beer Co (Boston Beer Co) Gross Profit : $852 Mil (TTM As of Dec. 2023)

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Boston Beer Co Gross Profit Definition

Boston Beer Co's gross profit for the three months ended in Dec. 2023 was $148 Mil. Boston Beer Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $852 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Boston Beer Co's gross profit for the three months ended in Dec. 2023 was $148 Mil. Boston Beer Co's Revenue for the three months ended in Dec. 2023 was $394 Mil. Therefore, Boston Beer Co's Gross Margin % for the quarter that ended in Dec. 2023 was 37.56%.

Boston Beer Co had a gross margin of 37.56% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Boston Beer Co was 52.26%. The lowest was 38.77%. And the median was 49.93%.

Warning Sign:

Boston Beer Co Inc gross margin has been in long-term decline. The average rate of decline per year is -4.7%.

Boston Beer Co Gross Profit Historical Data

The historical data trend for Boston Beer Co's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Boston Beer Co Gross Profit Chart

Boston Beer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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614.17

814.45

797.79

861.99

852.37

Boston Beer Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															165.51	155.66	274.16	274.65	147.90

Competitive Comparison of Boston Beer Co's Gross Profit

For the Beverages - Brewers subindustry, Boston Beer Co's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Boston Beer Co Gross Profit Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Boston Beer Co's Gross Profit falls into.

Boston Beer Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Boston Beer Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2008.625	-	1156.256
	=	852

Boston Beer Co's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	393.722	-	245.826
	=	148

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $852 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Boston Beer Co's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	148	/	393.722
	=	37.56 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Boston Beer Co (NYSE:SAM) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Boston Beer Co had a gross margin of 37.56% for the quarter that ended in Dec. 2023 => Competition eroding margins

Boston Beer Co Gross Profit Related Terms

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Boston Beer Co (Boston Beer Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Boston Beer Co Inc (NYSE:SAM) » Definitions » Gross Profit

Traded in Other Exchanges

SAM:Mexico BBEA:Germany

Address

One Design Center Place, Suite 850, Boston, MA, USA, 02210

Website

https://www.bostonbeer.com

Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.

Executives

Carolyn L. O'boyle	officer: Chief People Officer	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Diego Reynoso	officer: CFO and Treasurer	7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Calagione Samuel A. Iii	officer: Founder & Brewer, Dogfish Head	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
John C Geist	officer: VP of Sales	ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Cynthia Swanson	director	1529 OAK STREET, SARASOTA FL 34236
David A Burwick	director	32 AUTUMN LANE, NEW CANAAN CT 06840
Philip A. Hodges	officer: Chief Supply Chain Officer	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Matthew Donal Murphy	officer: CAO & Interim CFO	THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Annette N Fritsch	officer: VP of Product Design and R&D	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, SUITE 850, BOSTON 2J 02210
David L. Grinnell	officer: Vice President of Brewing	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, STE. 850, BOSTON MA 02170
Quincy B Troupe	officer: Senior VP, Supply Chain	C/O THE BOSTON BEER COMPANY, 1 DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
C James Koch	director, 10 percent owner, officer: Chairman	C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Jean Michel Valette	director	28 MAPLE AVE, KENTFIELD CT 06897
Cynthia A Fisher	director	186 PARK STREET, NEWTON MA 02458
Tara L. Heath	officer: Vice President, Legal	THE BOSTON BEER COMPANY, INC., 1 DESIGN CENTER PL., STE. 850, BOSTON MA 02210