Boston Beer (SAM) delivered earnings and revenue surprises of 1,200% and 2.87%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Key Financial Metrics Outshine Expectations, Highlighting Robust Market Position
Beer company Boston Beer (NYSE:SAM) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue up 10.3% year on year to $452.2 million. It made a GAAP profit of $1.04 per share, improving from its loss of $0.73 per share in the same quarter last year.