Boston Beer posts Q4 net loss of USD 22.5 million as gross margin rises 43.5% (+360 basis points)

Boston Beer Company, Inc. Class A

Boston Beer Company, Inc. Class A

SAM

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Boston Beer reported Q4 2025 net revenue of USD 385.7 million (-4.1%), with gross margin of 43.5% (up 360 basis points). The company posted a net loss of USD 22.5 million and a diluted loss per share of USD 2.12. Q4 depletions fell 6% and shipments declined 7.5% to about 1.4 million barrels, driven by declines in Twisted Tea, Truly Hard Seltzer and Samuel Adams, partly offset by growth in Sun Cruiser, Angry Orchard and Dogfish Head. For FY 2025, Boston Beer reported net revenue of USD 2.0 billion (-2.4%), gross margin of 48.5% (up 410 basis points), net income of USD 108.5 million, and diluted EPS of USD 9.89. FY depletions decreased 4% and shipments fell 4.7% to about 7.1 million barrels. Operating cash flow was USD 270.2 million, and the company ended the year with USD 223.4 million in cash and no debt, repurchasing USD 199.2 million of shares in 2025 and USD 13.7 million in 2026 through February 20, 2026. Management said it is focused on operational excellence, investing in its portfolio of brands, building an innovation pipeline and executing multi-year productivity initiatives, with supply chain savings expected to be reinvested into brand support. For FY 2026, Boston Beer guided to depletions and shipments flat to down mid-single digits, gross margin of 48% to 50% (including tariffs), EPS of USD 8.50 to USD 11.00 (including tariffs), and tariff costs of USD 20 million to USD 30 million. YTD depletions through the 8-week period ended February 21, 2026 were estimated to be down about 3%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Boston Beer Company Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602241615PRIMZONEFULLFEED9660561) on February 24, 2026, and is solely responsible for the information contained therein.

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