Boston Beer Co Inc reported second-quarter 2026 results with revenue of $568.3M and diluted EPS of $4.96, as revenue and net income declined versus the year‑ago quarter amid lower shipments and higher marketing and freight spending.
Financial Highlights
- Revenue was $568.3M, compared with $587.9M in the prior-year quarter; YoY change (3.3%).
- Net income was $51.6M, compared with $60.4M in the prior-year quarter; YoY change (14.7%).
- Diluted EPS was $4.96, compared with $5.45 in the prior-year quarter; YoY change (8.9%).
Business Highlights
- Net revenue declined roughly 3–3.8% year over year driven by lower volume, partly offset by price increases and a favorable product mix.
- Shipments fell 4.5% in the quarter and 5.6% year to date; distributor weeks‑on‑hand remained about 4.5 weeks.
- Brand performance was mixed: Twisted Tea, Truly, Samuel Adams and Hard Mountain Dew saw declines while Sun Cruiser and Angry Orchard grew.
- Higher local marketing and freight investments increased A&P and selling spend per barrel.
- Inflationary input pressures, notably aluminum and tariffs, were partially offset by brewery efficiencies, contract renegotiations and recipe optimizations.
Original SEC Filing:
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