Boston Beer Company Inc Guidance Update

Boston Beer Company Inc (NYSE:SAM) has revised its full-year GAAP earnings per share (EPS) guidance to $3.80-$5.80, down from the previous $5.50-$7.50.

The company has also amended its production agreement with Rauch North America to better align with future capacity needs. This revised deal enhances production flexibility and provides Boston Beer with improved termination rights.

As part of the agreement, Boston Beer will make a $26 million cash payment to Rauch by December 23, resulting in a pre-tax contract settlement expense of $26 million, or $1.70 per diluted share after tax, in the fourth quarter of 2024.

Non-GAAP EPS guidance remains unchanged at $8.00-$10.00.