Boston Beer Co Inc (SAM) stock

SAMNYSEMalt BeveragesFiscal year ends December 27

Financials through Q3 FY2026, quarter ended Sep 26, 2026Last filing: 10-Q on Oct 22, 2026Score 9/3016% below fair value

$219.62+0.46 (+0.21%)

Close on Nov 12, 2026Market cap $2.23BP/E –Yield –

Earnings

Boston Beer's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 23, 2027

Q4 FY2026 · estimated, after the close

Revenue, Q3 FY2026

$520.10M

-3.2% on a year earlier

Non-GAAP diluted earnings per share, Q3 FY2026

$4.37

$4.25 a year earlier

Latest guidance

Issued

Oct 22, 2026 · 9 items

Quarterly results

Revenue and earnings per share from each of Boston Beer's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 27, 2026	Feb 23, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 26, 2026	Oct 22, 2026after the close	$520.10M	-3.2%	$4.21	$4.37	Release
Q2 FY2026ended Jun 27, 2026	Jul 23, 2026after the close	$568.30M	-3.3%	$4.96	$3.65	Release
Q1 FY2026ended Mar 28, 2026	Apr 30, 2026after the close	$433.90M	-4.4%	-$13.88	$1.64	Release
Q4 FY2025ended Dec 27, 2025	Feb 24, 2026after the close	$385.70M	-4.1%	-$2.12	–	Release
Q3 FY2025ended Sep 27, 2025	Oct 23, 2025after the close	$537.50M	-11.2%	$4.25	–	Release
Q2 FY2025ended Jun 28, 2025	Jul 24, 2025after the close	$587.90M	+1.5%	$5.45	–	Release
Q1 FY2025ended Mar 29, 2025	Apr 24, 2025after the close	$453.90M	+6.5%	$2.16	–	Release
Q4 FY2024ended Dec 28, 2024	Feb 25, 2025after the close	$402.30M	+2.2%	-$3.38	-$1.68	Release
Q3 FY2024ended Sep 28, 2024	Oct 24, 2024after the close	$605.50M	+0.6%	$2.86	$5.35	Release
Q2 FY2024ended Jun 29, 2024	Jul 25, 2024after the close	$579.10M	-4.0%	$4.39	–	Release
Q1 FY2024ended Mar 30, 2024	Apr 25, 2024after the close	$426.10M	+3.9%	$1.04	–	Release
Q4 FY2023ended Dec 30, 2023	Feb 27, 2024after the close	$393.70M	-12.0%	-$1.49	–	Release
Q3 FY2023ended Sep 30, 2023	Oct 26, 2023after the close	$601.60M	+0.9%	$3.70	–	Release
Q2 FY2023ended Jul 1, 2023	Jul 27, 2023after the close	$603.30M	-2.1%	$4.72	–	Release
Q1 FY2023ended Apr 1, 2023	Apr 27, 2023after the close	$410.00M	-4.7%	-$0.73	–	Release
Q4 FY2022ended Dec 31, 2022	Feb 15, 2023after the close	$447.50M	+28.6%	-$0.93	–	Release
Q3 FY2022ended Sep 24, 2022	Oct 20, 2022after the close	$596.50M	+6.2%	$2.21	–	Release
Q2 FY2022ended Jun 25, 2022	Jul 21, 2022after the close	$616.20M	–	$4.31	–	Release
Q1 FY2022ended Mar 26, 2022	Apr 21, 2022after the close	$430.10M	–	-$0.16	–	Release
Q4 FY2021ended Dec 25, 2021	Feb 16, 2022after the close	$348.10M	–	-$4.22	–	Release
Q3 FY2021ended Sep 25, 2021	Oct 21, 2021after the close	$561.60M	–	-$4.76	–	Release
Q2 FY2021ended Jun 26, 2021	Jul 22, 2021after the close	–	–	–	–	Filing
Q1 FY2021ended Mar 27, 2021	Apr 22, 2021after the close	–	–	–	–	Filing
Q4 FY2020ended Dec 26, 2020	Feb 17, 2021after the close	–	–	–	–	Filing
Q3 FY2020ended Sep 26, 2020	Oct 22, 2020after the close	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Boston Beer's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Gross Margin (including Tariffs)	FY2026	49% – 50%	–	New	Oct 22, 2026
Gross Margin (including Tariffs)	FY2026	48.5% – 50%	48% – 50%	Raised	Jul 23, 2026
EPS (including Tariffs)	FY2026	$8.50 – $11.00	–	New	Feb 24, 2026
GAAP EPS (Income/ (Loss))GAAP	FY2026	-$5.76 – -$4.26	–	New	Oct 22, 2026
GAAP EPS (Income/ (Loss))GAAP	FY2026	-$6.23 – -$4.23	-$7.02 – -$5.02	Raised	Jul 23, 2026
Non GAAP EPSnon-GAAP	FY2026	$9.00 – $10.50	–	New	Oct 22, 2026
Non GAAP EPSnon-GAAP	FY2026	$8.50 – $10.50	$8.50 – $10.50	Reaffirmed	Jul 23, 2026
Capital Spending ($ million)	FY2026	$55.00M – $70.00M	–	New	Oct 22, 2026
Capital Spending ($ million)	FY2026	$60.00M – $80.00M	$70.00M – $90.00M	Lowered	Jul 23, 2026
Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2026	$0 – $20.00M	$20.00M – $40.00M	Lowered	Jul 23, 2026
Effective Tax Rate	FY2026	29% – 30%	–	Raised	Feb 24, 2026
GAAP Tax Rate (Benefit)/ ProvisionGAAP	FY2026	-12% – -11%	–	New	Oct 22, 2026
GAAP Tax Rate (Benefit)/ ProvisionGAAP	FY2026	-11% – -12%	-10.5% – -9.5%	Lowered	Jul 23, 2026
Non GAAP Tax Rate Provisionnon-GAAP	FY2026	29% – 30%	–	New	Oct 22, 2026
Non GAAP Tax Rate Provisionnon-GAAP	FY2026	29% – 30%	29% – 30%	Reaffirmed	Jul 23, 2026
Non-recurring Litigation Expenses impact per share	FY2026	-$14.76	–	New	Oct 22, 2026
Price Increases	FY2026	+1% – +2%	–	New	Oct 22, 2026
Price Increases	FY2026	+1% – +2%	–	New	Jul 23, 2026
Price Increases	FY2026	1% – 2%	1% – 2%	Lowered	Apr 30, 2026
Tariff Costs ($ million)	FY2026	$18.00M – $22.00M	–	New	Oct 22, 2026
Tariff Costs ($ million)	FY2026	$20.00M – $30.00M	$20.00M – $30.00M	Lowered	Jul 23, 2026

Guidance vs results

The last range Boston Beer gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
FY2025	EPS (GAAP)	$7.80 – $9.80	$9.74Σ4Q	Within range

Guidance history

Every forecast Boston Beer put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 22, 2026	Capital Spending ($ million)	FY2026	$55.00M – $70.00M	New
Oct 22, 2026	Non GAAP EPS	FY2026	$9.00 – $10.50	New
Oct 22, 2026	GAAP EPS (Income/ (Loss))	FY2026	-$5.76 – -$4.26	New
Oct 22, 2026	Gross Margin (including Tariffs)	FY2026	49% – 50%	New
Oct 22, 2026	GAAP Tax Rate (Benefit)/ Provision	FY2026	-12% – -11%	New
Oct 22, 2026	Non GAAP Tax Rate Provision	FY2026	29% – 30%	New
Oct 22, 2026	Price Increases	FY2026	+1% – +2%	New
Oct 22, 2026	Tariff Costs ($ million)	FY2026	$18.00M – $22.00M	New
Oct 22, 2026	Non-recurring Litigation Expenses impact per share	FY2026	-$14.76	New
Jul 23, 2026	Capital Spending ($ million)	FY2026	$60.00M – $80.00M	Lowered
Jul 23, 2026	Non GAAP EPS	FY2026	$8.50 – $10.50	Reaffirmed
Jul 23, 2026	GAAP EPS (Income/ (Loss))	FY2026	-$6.23 – -$4.23	Raised
Jul 23, 2026	Gross Margin (including Tariffs)	FY2026	48.5% – 50%	Raised
Jul 23, 2026	GAAP Tax Rate (Benefit)/ Provision	FY2026	-11% – -12%	Lowered
Jul 23, 2026	Non GAAP Tax Rate Provision	FY2026	29% – 30%	Reaffirmed
Jul 23, 2026	Price Increases	FY2026	+1% – +2%	New
Jul 23, 2026	Tariff Costs ($ million)	FY2026	$20.00M – $30.00M	Lowered
Jul 23, 2026	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2026	$0 – $20.00M	Lowered
Apr 30, 2026	Capital Spending ($ million)	FY2026	$70.00M – $90.00M	Reaffirmed
Apr 30, 2026	Non GAAP EPS	FY2026	$8.50 – $10.50	New
Apr 30, 2026	GAAP EPS (Income/ (Loss))	FY2026	-$7.02 – -$5.02	New
Apr 30, 2026	Gross Margin (including Tariffs)	FY2026	48% – 50%	Reaffirmed
Apr 30, 2026	Price Increases	FY2026	1% – 2%	Lowered
Apr 30, 2026	GAAP Tax Rate (Benefit)/ Provision	FY2026	-10.5% – -9.5%	New
Apr 30, 2026	Non GAAP Tax Rate Provision	FY2026	29% – 30%	New
Apr 30, 2026	Tariff Costs ($ million)	FY2026	$20.00M – $30.00M	Lowered
Apr 30, 2026	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2026	$20.00M – $40.00M	Raised
Feb 24, 2026	Capital Spending ($ million)	FY2026	$70.00M – $90.00M	New
Feb 24, 2026	EPS (including Tariffs)	FY2026	$8.50 – $11.00	New
Feb 24, 2026	Gross Margin (including Tariffs)	FY2026	48% – 50%	New
Feb 24, 2026	Price Increases	FY2026	1% – 2%	New
Feb 24, 2026	Effective Tax Rate	FY2026	29% – 30%	Raised
Feb 24, 2026	Tariff Costs ($ million)	FY2026	$20.00M – $30.00M	New
Feb 24, 2026	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2026	$20.00M – $40.00M	Raised
Oct 23, 2025	Capital Spending ($ million)	FY2025	$50.00M – $70.00M	New
Oct 23, 2025	EPS (including Tariffs)	FY2025	$7.80 – $9.80	New
Oct 23, 2025	Gross Margin (including Tariffs)	FY2025	47% – 48%	New
Oct 23, 2025	Price Increases	FY2025	1% – 2%	New
Oct 23, 2025	Effective Tax Rate	FY2025	29% – 30%	Raised
Oct 23, 2025	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2025	$50.00M – $60.00M	New
Jul 24, 2025	Capital Spending ($ million)	FY2025	$70.00M – $90.00M	Lowered
Jul 24, 2025	EPS (excluding Tariffs)	FY2025	$8.00 – $10.50	New
Jul 24, 2025	EPS (including Tariffs)	FY2025	$6.72 – $9.54	Lowered
Jul 24, 2025	Gross Margin (including Tariffs)	FY2025	46% – 47.3%	Raised
Jul 24, 2025	Gross Margin (excluding Tariffs)	FY2025	47% – 48%	New
Jul 24, 2025	Gross margin impact of tariffs (basis points)	FY2025	70 – 100	New
Jul 24, 2025	combined negative impact to gross margin of shortfall fees and non-cash expense of third-party production pre-payments	FY2025	100 – 140	Raised
Jul 24, 2025	Effective Tax Rate	FY2025	29% – 30%	Reaffirmed
Jul 24, 2025	Price Increases	FY2025	+1% – +2%	New
Jul 24, 2025	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2025	$30.00M – $50.00M	Reaffirmed
Jul 24, 2025	Full year total cost impact ($ million)	FY2025	$15.00M – $20.00M	Lowered
Jul 24, 2025	EPS unfavorable impact of tariffs	FY2025	$0.96 – $1.28	New
Apr 24, 2025	Capital Spending ($ million)	FY2025	$90.00M – $110.00M	Reaffirmed
Apr 24, 2025	GAAP EPS	FY2025	$8.00 – $10.50	Reaffirmed
Apr 24, 2025	Gross Margin	FY2025	45% – 47%	Reaffirmed
Apr 24, 2025	Price Increases	FY2025	1% – 2%	Lowered
Apr 24, 2025	Effective Tax Rate	FY2025	29% – 30%	Raised
Apr 24, 2025	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2025	$30.00M – $50.00M	Reaffirmed
Feb 25, 2025	Capital Spending ($ million)	FY2025	$90.00M – $110.00M	New
Feb 25, 2025	GAAP EPS	FY2025	$8.00 – $10.50	New
Feb 25, 2025	Gross Margin	FY2025	45% – 47%	New
Feb 25, 2025	Price Increases	FY2025	1% – 2%	New
Feb 25, 2025	Effective Tax Rate	FY2025	29% – 30%	Raised
Feb 25, 2025	Advertising, Promotion, and Selling Expense Year Over Year Increase ($ million)	FY2025	$30.00M – $50.00M	New
Oct 24, 2024	Capital Spending ($ million)	FY2024	$80.00M – $95.00M	New
Oct 24, 2024	Non-GAAP EPS	FY2024	$8.00 – $10.00	New
Oct 24, 2024	GAAP EPS	FY2024	$5.50 – $7.50	Lowered
Oct 24, 2024	Gross Margin	FY2024	44% – 45%	New
Oct 24, 2024	Effective Tax Rate	FY2024	30%	New
Oct 24, 2024	Price Increases	FY2024	+2%	New
Oct 24, 2024	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2024	-$5.00M – $15.00M	New
Jul 25, 2024	Capital Spending ($ million)	FY2024	$90.00M – $110.00M	Reaffirmed
Jul 25, 2024	GAAP EPS	FY2024	$7.00 – $11.00	Reaffirmed
Jul 25, 2024	Gross Margin	FY2024	43% – 45%	Reaffirmed
Jul 25, 2024	Effective Tax Rate	FY2024	28.5%	Reaffirmed
Jul 25, 2024	Price Increases	FY2024	+1% – +2%	Reaffirmed
Jul 25, 2024	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2024	-$5.00M – $15.00M	Reaffirmed
Apr 25, 2024	Capital Spending ($ million)	FY2024	$90.00M – $110.00M	Reaffirmed
Apr 25, 2024	GAAP EPS	FY2024	$7.00 – $11.00	Reaffirmed
Apr 25, 2024	Gross Margin	FY2024	43% – 45%	Reaffirmed
Apr 25, 2024	Price Increases	FY2024	1% – 2%	Lowered
Apr 25, 2024	Effective Tax Rate	FY2024	28.5%	Raised
Apr 25, 2024	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2024	-$5.00M – $15.00M	Reaffirmed
Feb 27, 2024	Capital Spending ($ million)	FY2024	$90.00M – $110.00M	New
Feb 27, 2024	GAAP EPS	FY2024	$7.00 – $11.00	New
Feb 27, 2024	Gross Margin	FY2024	43% – 45%	New
Feb 27, 2024	Effective Tax Rate	FY2024	27.5%	New
Feb 27, 2024	Price Increases	FY2024	+1% – +2%	New
Feb 27, 2024	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2024	-$5.00M – $15.00M	New
Oct 26, 2023	Capital Spending ($ million)	FY2023	$60.00M – $90.00M	Lowered
Oct 26, 2023	Non-GAAP EPS	FY2023	$7.00 – $9.00	New
Oct 26, 2023	GAAP EPS	FY2023	$6.04 – $8.04	Narrowed
Oct 26, 2023	Gross Margin	FY2023	42% – 43%	Raised
Oct 26, 2023	Effective Tax Rate	FY2023	28%	Reaffirmed
Oct 26, 2023	Depletions Decreases	FY2023	-7% – -5%	Lowered
Oct 26, 2023	Shipments Decreases	FY2023	-7% – -5%	Reaffirmed
Oct 26, 2023	Price Increases	FY2023	+2% – +3%	Raised
Oct 26, 2023	Advertising, Promotion, and Selling Expense YoY Change ($ million)	FY2023	$25.00M – $35.00M	Narrowed
Jul 27, 2023	Capital Spending ($ million)	FY2023	$100.00M – $140.00M	Reaffirmed
Jul 27, 2023	EPS	FY2023	$6.00 – $10.00	Reaffirmed
Jul 27, 2023	Gross Margin	FY2023	41% – 43%	Reaffirmed
Jul 27, 2023	Effective Tax Rate	FY2023	28%	Reaffirmed
Jul 27, 2023	Depletions Decreases	FY2023	-8% – -2%	Lowered
Jul 27, 2023	Shipments Decreases	FY2023	-8% – -2%	Reaffirmed
Jul 27, 2023	Price Increases	FY2023	+1% – +3%	Raised
Jul 27, 2023	Advertising, Promotion, and Selling Expense YoY Change ($ million)	FY2023	$20.00M – $40.00M	Raised
Apr 27, 2023	Capital Spending ($ million)	FY2023	$100.00M – $140.00M	Reaffirmed
Apr 27, 2023	EPS	FY2023	$6.00 – $10.00	Reaffirmed
Apr 27, 2023	Gross Margin	FY2023	41% – 43%	Reaffirmed
Apr 27, 2023	Effective Tax Rate	FY2023	28%	Reaffirmed
Apr 27, 2023	Depletions Decreases	FY2023	-8% – -2%	Lowered
Apr 27, 2023	Shipments Decreases	FY2023	-8% – -2%	Reaffirmed
Apr 27, 2023	Price Increases	FY2023	+1% – +3%	Raised
Apr 27, 2023	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2023	-$5.00M – $15.00M	Reaffirmed
Feb 15, 2023	Capital Spending ($ million)	FY2023	$100.00M – $140.00M	New
Feb 15, 2023	GAAP EPS	FY2023	$6.00 – $10.00	New
Feb 15, 2023	Gross Margin	FY2023	41% – 43%	New
Feb 15, 2023	Effective Tax Rate	FY2023	28%	New
Feb 15, 2023	Depletions Decreases	FY2023	-8% – -2%	New
Feb 15, 2023	Shipments Decreases	FY2023	-8% – -2%	Reaffirmed
Feb 15, 2023	Price Increases	FY2023	+1% – +3%	Raised
Feb 15, 2023	Advertising, Promotion, and Selling Expense Year Over Year Change ($ million)	FY2023	-$5.00M – $15.00M	New
Oct 20, 2022	Capital Spending ($ million)	FY2022	$105.00M – $125.00M	Lowered
Oct 20, 2022	Non-GAAP EPS	FY2022	$7.00 – $10.00	Narrowed
Oct 20, 2022	GAAP EPS	FY2022	$5.39 – $8.39	New
Oct 20, 2022	Gross Margin	FY2022	42% – 43.5%	Lowered
Oct 20, 2022	Effective Tax Rate	FY2022	26% – 27%	New
Oct 20, 2022	Depletions Decreases	FY2022	-7% – -4%	Lowered
Oct 20, 2022	Shipments Decreases	FY2022	-7% – -4%	Reaffirmed
Oct 20, 2022	Price Increases	FY2022	+4% – +5%	Raised
Oct 20, 2022	Advertising, Promotion and Selling Expense Year over Year Decrease ($ million)	FY2022	-$45.00M – -$35.00M	Lowered
Jul 21, 2022	Estimated capital spending	FY2022	$110.00M – $140.00M	Lowered
Jul 21, 2022	Non-GAAP earnings per diluted share	FY2022	$6.00 – $11.00	Lowered
Jul 21, 2022	Gross margin	FY2022	43% – 45%	Lowered
Jul 21, 2022	Non-GAAP effective tax rate	FY2022	26% – 27%	Raised
Jul 21, 2022	Depletions and shipments decrease	FY2022	+2% – +8%	Raised
Jul 21, 2022	National price increases	FY2022	+3% – +5%	Narrowed
Jul 21, 2022	Decreased investments in advertising, promotional and selling expenses	FY2022	$30.00M – $50.00M	Raised
Apr 21, 2022	Estimated capital spending	FY2022	$140.00M – $190.00M	Reaffirmed
Apr 21, 2022	Non-GAAP earnings per diluted share	FY2022	$11.00 – $16.00	Reaffirmed
Apr 21, 2022	Gross margin	FY2022	45% – 48%	Reaffirmed
Apr 21, 2022	Increased investments in advertising, promotional and selling expenses	FY2022	$0 – $20.00M	Reaffirmed
Apr 21, 2022	National price increases	FY2022	+3% – +5%	Lowered
Apr 21, 2022	Non-GAAP effective tax rate	FY2022	26%	Reaffirmed
Apr 21, 2022	Depletions and shipments increase	FY2022	+4% – +10%	Raised
Feb 16, 2022	Estimated capital spending	FY2022	$140.00M – $190.00M	Reaffirmed
Feb 16, 2022	Non-GAAP earnings per diluted share	FY2022	$11.00 – $16.00	New
Feb 16, 2022	Gross margin	FY2022	45% – 48%	Reaffirmed
Feb 16, 2022	Increased investments in advertising, promotional and selling expenses	FY2022	$0 – $20.00M	Lowered
Feb 16, 2022	Non-GAAP effective tax rate	FY2022	26%	Reaffirmed
Feb 16, 2022	Depletions and shipments increase	FY2022	+4% – +10%	Raised
Feb 16, 2022	National price increases	FY2022	+3% – +5%	Lowered
Oct 21, 2021	Estimated capital spending	FY2022	$140.00M – $190.00M	New
Oct 21, 2021	Estimated capital spending	FY2021	$160.00M – $200.00M	New
Oct 21, 2021	GAAP earnings per diluted share	FY2021	$2.00 – $6.00	New
Oct 21, 2021	Gross margin	FY2022	45% – 48%	New
Oct 21, 2021	Gross margin	FY2021	40% – 42%	New
Oct 21, 2021	Depletions and shipments increase	FY2021	+18% – +22%	New
Oct 21, 2021	National price increases	FY2021	+2% – +3%	Lowered
Oct 21, 2021	Increased investments in advertising, promotional and selling expenses	FY2021	$80.00M – $100.00M	New
Oct 21, 2021	Non-GAAP effective tax rate	FY2022	26%	New
Oct 21, 2021	National price increases	FY2022	+3% – +6%	New
Oct 21, 2021	Increased investments in advertising, promotional and selling expenses	FY2022	$10.00M – $30.00M	New
Oct 21, 2021	Non-GAAP effective tax rate	FY2021	28%	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.