Here’s How Boston Beer Co Inc (SAM) Just Crushed Expectations

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Additionally, Koch says, Boston Beer Co Inc (NYSE:SAM)’s flagship Samuel Adams Boston Lager made an impressive comeback from last quarter’s stagnant sales as well.

As a result, depletions — an industry measure for how fast the products travel from warehouses to consumer outlets — grew a whopping 24% from the same 13-week period last year, allowing the company to increase its full-year 2013 depletions growth guidance to between 17% and 22%, up from their previous estimate of 10% to 15%.

Better yet, even though Boston Beer Co Inc (NYSE:SAM) lowered their full-year gross margin target to between 52% and 54% (down from 53% and 55% before) thanks mostly to increased cost of ingredients, the company still raised its earnings guidance to between $5.10 and $5.40 per share. Remember, that’s a significant improvement from the previous guidance for earnings of between $4.70 and $5.10 per share.

Are you thirsty yet?
In the end, I’m still positively impressed by how well this up-and-coming brewer is handling the ongoing assault from its strong competitors, so I’m not surprised in the least that this great quarter pushed shares of Boston Beer Co Inc (NYSE:SAM) to a new all-time high.

I’ve said it before and I’ll say it again: Boston Beer stock may look expensive on the surface, but it remains one of the most Foolish (with a capital “F”) companies I know. Even from today’s lofty levels, then, I’m convinced shareholders can look forward to handsome gains for years to come.

The article Here’s How Boston Beer Just Crushed Expectations originally appeared on Fool.com.

Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Boston Beer and Buffalo Wild Wings.

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