Inferra AI / Company / SAM
Boston Beer Co Inc.
SAM · Consumer Staples
Last earnings Oct 22, 2026
Key results
Net revenuequarter
$537.5 million
Key results were: Third Quarter 2025 Summary: • Depletions decreased 3% and shipments decreased 13.7% • Net revenue of $537.5 million decreased 11.2% • Gross margin of 50.8% up 450 basis points year over year • Net income of $46.2 million, an increase of $12.6 million.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Gross marginquarter
50.8%
Key results were: Third Quarter 2025 Summary: • Depletions decreased 3% and shipments decreased 13.7% • Net revenue of $537.5 million decreased 11.2% • Gross margin of 50.8% up 450 basis points year over year • Net income of $46.2 million, an increase of $12.6 million.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Net incomequarter
$46.2 million
Key results were: Third Quarter 2025 Summary: • Depletions decreased 3% and shipments decreased 13.7% • Net revenue of $537.5 million decreased 11.2% • Gross margin of 50.8% up 450 basis points year over year • Net income of $46.2 million, an increase of $12.6 million.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Net revenue of $1.579 billion decreased 1.9% •
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Gross margin of 49.7% up 420 basis points year over year •
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Net income of $131.0 million, an increase of $32.6 million.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
net income increased $3.5 million or 2.7% •
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Revenuequarter
11.2%
Revenue for the quarter decreased 11.2% due to lower volumes partially offset by increased pricing and favorable product mix.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Gross margin of 50.8% increased 450 basis points from the 46.3% margin realized in the prior year.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
The third quarter gross margin of 50.8% includes $1.0 million of shortfall fees and $1.9 million of non-cash expense of third-party production pre-payments that combined to impact gross margins negatively by 54 basis points on an absolute basis.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
AI analysis
Q3 2025 · reported Oct 23, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net revenue | $537.5 million | — | — |
| Gross margin | 50.8% | — | — |
| Net income | $46.2 million | — | — |
| Revenue | 11.2% | — | — |
Guidance · company-stated
“(including Tariffs) 47% to 48% 46%”
“29% to 30% 29% to 30%”
“(including Tariffs) $7.80 to $9.80 $6.72”
Guidance stated in the release's Business Outlook table for the full year 2025; no direction stated — figures as stated in the table.
Margin
Capital allocation
Excluding the impact of the prior year non-cash brand impairment charge of $29.1 million, net income increased $3.5 million or 2.7% • Diluted income per share of $11.82 Capital Structure • Ended the third quarter with $250.5 million in cash and no debt • Repurchased $161 million in shares from December 30, 2024 to October 17, 2025 “Our depletions declined by 3% in the third quarter as volumes were pressured across the beer industry” said Chairman, Founder and CEO Jim Koch.
Event summary
Boston Beer Co Inc. Q3 2025 — Key results were: Third Quarter 2025 Summary: • Depletions decreased 3% and shipments decreased 13.7% • Net revenue of $537.5 million decreased 11.2% • Gross margin of 50.8% up 45…
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Gross Margin: “Gross Margin (including Tariffs) 47% to 48% 46%”
Effective Tax Rate: “Effective Tax Rate 29% to 30% 29% to 30%”
EPS: “EPS (including Tariffs) $7.80 to $9.80 $6.72”
Gross Margin (“the full year 2025”)
“Gross Margin (including Tariffs) 47% to 48% 46%”
Effective Tax Rate (“the full year 2025”)
“Effective Tax Rate 29% to 30% 29% to 30%”
EPS (“the full year 2025”)
“EPS (including Tariffs) $7.80 to $9.80 $6.72”
Guidance stated in the release's Business Outlook table for the full year 2025; no direction stated — figures as stated in the table.
Capital allocation
Excluding the impact of the prior year non-cash brand impairment charge of $29.1 million, net income increased $3.5 million or 2.7% • Diluted income per share of $11.82 Capital Structure • Ended the third quarter with $250.5 million in cash and no debt • Repurchased $161 million in shares from December 30, 2024 to October 17, 2025 “Our depletions declined by 3% in the third quarter as volumes were pressured across the beer industry” said Chairman, Founder and CEO Jim Koch.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
During the 39-week period ended September 27, 2025 and the period from September 28, 2025 through October 17, 2025, the Company repurchased shares of its Class A Common Stock in the amounts of $149.2 million and $12.1 million, respectively, for a total of $161.3 million year to date.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
As of October 17, 2025, the Company had approximately $266 million remaining on the $1.6 billion share buyback expenditure limit set by the Board of Directors.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Net Income (Loss) per Share The Company calculates net income (loss) per share using the two-class method, which requires the Company to allocate net income (loss) to its Class A Common Shares, Class B Common Shares and unvested share-based payment awards that participate in dividends with common stock, in the calculation of net income (loss) per share.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
Each share of the Class B Common Stock is freely convertible into one share of Class A Common Stock, upon request of the respective Class B holder, and participates equally in dividends.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
If a dividend is declared, the unvested shares would participate equally.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
Strategy & priorities
The progress we have made on our multi-year supply chain initiatives has enabled us to deliver significant gross margin improvements and solid free cash flow in a more dynamic industry volume environment.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
Risks & headwinds
These benefits were partially offset by increased inflationary and tariff costs.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Full-Year 2025 Projections The Company has updated its financial guidance for the full year 2025 as well as its estimate of the financial impact of tariffs programs announced as of October 1, 2025.
SEC original ↗Boston Beer Co Inc. — Earnings release (8-K exhibit)EX-99Oct 23, 2025
Legal Proceedings 29 Item 1A.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
The commitment amounts exclude any impact related to the tariff programs announcement by the U.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
Litigation The Company is party to legal proceedings and claims, including class action claims, where significant damages are asserted against it.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
Given the inherent uncertainty of litigation, it is possible that the Company could incur liabilities as a consequence of these claims, which may or may not have a material adverse effect on the Company s financial condition or the results of its operations.
SEC original ↗Boston Beer Co Inc. — 10-Q Quarterly report10-QOct 22, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q3 2026
- 8-KSAM
Oct 22, 2026
- 10-QSAM
Oct 22, 2026
- Q2 2026
- 8-KSAM
Aug 20, 2026
- 8-KSAM
Aug 11, 2026
- 8-KSAM
Jul 23, 2026
- 10-QSAM
Jul 23, 2026
- Q1 2026
- 8-KSAM
Jun 1, 2026
- 8-KSAM
Jun 1, 2026
- 8-KSAM
May 19, 2026
- 8-KSAM
Apr 30, 2026
- 10-QSAM
Apr 30, 2026
- 8-KSAM
Apr 10, 2026
- Q4 2025
- 8-KSAM
Mar 16, 2026
- 8-KSAM
Feb 24, 2026
- 10-KSAM
Feb 24, 2026
- 8-KSAM
Feb 17, 2026
- 8-KSAM
Feb 10, 2026
- Q3 2025
- 8-KSAM
Nov 12, 2025
- 8-KSAM
Oct 29, 2025
- 8-KSAM
Oct 23, 2025
- 10-QSAM
Oct 23, 2025
- 8-K/ASAM
Oct 22, 2025
- 8-KSAM
Oct 20, 2025
- Q2 2025
- 8-KSAM
Aug 12, 2025
- 8-KSAM
Aug 1, 2025
- 8-KSAM
Jul 24, 2025
- 10-QSAM
Jul 24, 2025
- Q1 2025
- 8-KSAM
May 16, 2025
- 8-KSAM
Apr 24, 2025
- 10-QSAM
Apr 24, 2025
Earnings releases
7 documentsPresentations
0 documentsNo presentations for Boston Beer Co Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Boston Beer Co Inc. are held in this edition of the library.
Mentioned by
13 companiesOther tracked companies whose held documents mention Boston Beer Co Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“ARR as the annualized revenue… …each of our primary competitors and divide by our current SAM to determine current market penetration. Remaining performance obligations (“RPO”). RPO, or remaining performance obligations, represents contracted revenue”
“ and/or (xi) the risks relating… …Multi-rail Thermal Solutions Adding $20B+ Incremental SAM New Revenue Now Existing Growth Engines Transceivers 1.6T, 3.2T, 6.4T H2 2026 DCI Transceivers ZR/ZR+ H1 2027 Transport/Transmission H2 2027 Optica”
“…the decade LAM RESEARCH Gaining share in expanding SAM • Tool-of-record wins at a leading customer Advanced packaging: A major growth driver for Lam TSV & bonding • Syndion®: four new positions across multiple”
“ch® / WaferStorm® Wet Processing Spector® Ion Beam Deposition 8 Compound Semi Projected SAM Growth…”
Triumph Financial, Inc. (TFIN)
“e, and… …shipments1 3.7% Of U.S. GDP2 72.6% of freight carried by trucks1 6 SAM $300-$400M @90% gross margins1 A Unique Value Chain Built on a Unified Technology Platform The only true Financial Network in brokered… …lack of liquidity; ”
“pendix GAAP to Non-GAAP… …presence across all major markets by line speed and increases SAM Shipments poised to intercept data center 800G/1.6T upgrade cycles Wireless Infrastructure Scaling product offerings across existing… …oral presentation ”
“…the decade LAM RESEARCH Gaining share in expanding SAM • Tool-of-record wins at a leading customer Advanced packaging: A major growth driver for Lam TSV & bonding • Syndion®: four new positions across multiple”
“e advanced DRAM and foundry architectures + Larger and more complex advanced packages LAM SAM EXPANDING Faster… …Officer LAM RESEARCH Fiscal year highlights FY2026 REVENUE $23.23B FY2025 revenue: $18.44B FY2026 EARNINGS PER SHARE* $5.82 FY2025 ”
“aaS) CapEx % Revenue in 2030 <1% ©2026 | AURORA PROPRIETARY Our 2030 Vision SAM Expansion 150B+ … …activities, the most directly comparable financial measure calculated in accordance with GAAP, less capital expenditures for the purchase”
“Industries revenue. Chart’s Technology Portfolio Heat Exchangers… …MARKETS: 2030 Expected SAM: BKR ex-Chart +58% 2030 Expected SAM: BKR ex-Chart + Chart GAS INFRASTRUCTURE DATA CENTERS CCUS SPACE INDUSTRIAL GASES Leveraging complementary capabilities”
“ investments were $1,413.8 million at the end of the second quarter… … expect to grow our SAM into next year. • We began sampling High Voltage AC to DC products for 800V data center architectures as we expand beyond our current AI and server core pow”
“, net, the write - off of the unamortized balance of deferred issuance costs associated… …SAM SAM v. Capital Markets Segment Revenues (in millions ) 92 INVESTOR DAY 2026 Diluted Earnings Per Share 93 INVESTOR DAY 2026 Adjusted EBITDA 2 ”
Concentra Group Holdings Parent, Inc. (CON)
“ it may make. The Company… … advanced primary care onsite serviceable addressable market (SAM), based on third-party data; (10) Revenue growth and Adj. EBITDA margins from FY 2022 to FY 2025; Adjusted EBITDA margin is a non-GAAP measure, see … …techn”
See also the earnings calendar for every tracked company’s next earnings date.