Quarterly ResultJul 23, 2026, 04:37 PM
Boston Beer Reports Q2 Net Income $51.6M; YTD Net Loss $93.7M
AI Summary
Boston Beer reported a net income of $51.6 million ($4.96 diluted EPS) for the thirteen weeks ended June 27, 2026. However, for the twenty-six weeks ended June 27, 2026, the company recorded a net loss of $93.7 million ($-8.99 diluted EPS), primarily due to a significant $192.6 million accrued litigation expense. Net revenue for the thirteen weeks decreased to $568.3 million from $587.9 million year-over-year, and for the twenty-six weeks, it decreased to $1.002 billion from $1.042 billion.
Key Highlights
- Reported a net loss of $93.7 million for the twenty-six weeks ended June 27, 2026.
- Diluted EPS for the twenty-six weeks was -$8.99, compared to $7.58 in prior year.
- Net revenue for the twenty-six weeks was $1.002 billion, down from $1.042 billion year-over-year.
- Recorded a net income of $51.6 million for the thirteen weeks ended June 27, 2026.
- Diluted EPS for the thirteen weeks was $4.96, compared to $5.45 in prior year.
- Accrued litigation expenses totaled $192.6 million as of June 27, 2026.
- Cash and cash equivalents increased to $265.5 million as of June 27, 2026.
- Repurchased $49.9 million of Class A common stock during the twenty-six weeks.
Price Impact
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