Quarterly ResultApr 30, 2026, 04:16 PM
SAM Q1 GAAP EPS ($13.88) due to litigation; Revenue ($4.4%)
AI Summary
The Boston Beer Company, Inc. reported Q1 2026 financial results, with GAAP diluted loss per share of $13.88, significantly impacted by a $175.5 million non-recurring litigation expense. Non-GAAP diluted EPS was $1.64. Depletions decreased 4% and net revenue fell 4.4% to $433.9 million, though gross margin improved to 49.3%. The company updated its full-year 2026 guidance to reflect the litigation expense and a more challenging cost environment, while continuing share repurchases.
Key Highlights
- SAM Q1 GAAP diluted loss per share was $13.88, including $15.52 per share non-recurring litigation expense.
- Non-GAAP diluted earnings per share was $1.64.
- Depletions decreased 4% and shipments decreased 6.9% in Q1 2026.
- Net revenue decreased 4.4% to $433.9 million.
- Gross margin increased 100 basis points year over year to 49.3%.
- Ended Q1 with $164.1 million in cash and no debt.
- Repurchased $31.2 million in shares from December 29, 2025 to April 24, 2026.
- Full-year 2026 GAAP EPS guidance updated to ($7.02) to ($5.02) from $8.50 to $11.00, reflecting litigation expense.