Boston Beer Reports Lower Third-Quarter Profit and Revenue
Boston Beer reported third-quarter profit of $43.2 million, or $4.21 a share, compared with $46.2 million, or $4.25 a share, a year earlier. Revenue also declined.
Story updates
09:51:39 PM UTC
SquawkNews
By Evie LiuBoston Beer reported better-than-expected third-quarter earnings Thursday, but the Samuel Adams brewer is still struggling to reverse falling sales as Americans cut back on alcohol.The stock has fallen 1.8% in after-hours trading.The company earned an adjusted $4.37 a share, beating Wall…
Boston Beer Company reported lower profit and revenue in the third quarter as beer demand continued to decline. The brewer, owner of the Samuel Adams and Truly brands, earned $43.2 million, or $4.21 a share, versus $46.2 million, or $4.25 a share, a year earlier.