Boston Beer Amends Production Agreement With Rauch, Revises 2024 View [Yahoo! Finance]
Boston Beer Company, Inc. (The) (SAM)
Last boston beer company, inc. (the) earnings: 4/22 04:15 pm
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Source: Yahoo! Finance
SAM's consistent focus on pricing, product innovation and growth of non-beer categories, alongside brand development, bodes well. In the latest update, the company has made an amendment and restatement entirely in its present production agreement with Rauch North America Inc (Rauch), its third-party supplier. This comes as part of its continuous efforts related to supply-chain optimization. Consequently, management has revised the outlook for 2024. Details on SAM's Latest Update We note that the production agreement has been amended to resonate well with SAM's capacity requirements in the future. This leads to higher production flexibility and favorable termination rights to Boston Beer in return for a $26-million cash payment to Rauch on or before Dec. 23, 2024. Consequently, SAM is likely to record pre-tax contract settlement costs of $26 million or $1.70 after tax per share impact in the final quarter of 2024. For the current year, management still anticipates shortfall fee
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News
- BOSTON BEER UPDATES 2024 FINANCIAL GUIDANCE TO REFLECT SUPPLIER CONTRACT AMENDMENT [Yahoo! Finance]Yahoo! Finance
- BOSTON BEER UPDATES 2024 FINANCIAL GUIDANCE TO REFLECT SUPPLIER CONTRACT AMENDMENTGlobeNewswire
- Moxie Sozo Marks 25 Years of CPG Branding Success With Silver Jubilee [Yahoo! Finance]Yahoo! Finance
- Boston Beer Gains From Brand Strength & Innovation: Apt to Hold? [Yahoo! Finance]Yahoo! Finance
- Boston Beer: Checking My Thesis [Seeking Alpha]Seeking Alpha
SAM
Earnings
- 10/24/24 - Miss
SAM
Sec Filings
- 12/20/24 - Form 8-K
- 12/3/24 - Form 4
- 11/14/24 - Form 8-K
- SAM's page on the SEC website