Boston Beer Company (SAM) Stock: Why It Increased 6.43% Today

By Amit Chowdhry ● Jul 22, 2022
  • The stock price of Boston Beer Company Inc (NYSE: SAM) increased by 6.43% today. This is why.

The stock price of Boston Beer Company Inc (NYSE: SAM) increased by 6.43% today. Investors are responding to Boston Beer’s second quarter results.

Boston Beer Company had reported a Q2 EPS of $4.31, which was $0.48 higher than analyst estimates of $4.79. And the revenue for the quarter was $655 million compared to the consensus estimate of $628.99 million.

In terms of guidance, Boston Beer expects FY2022 EPS of $6.00-$11.00, compared to the consensus of $11.67.

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