Tag Archives: Boston Beer

Boston Beer Sued Over Earnings Outlook

Posted on October 14, 2021 by Joel Whitaker

Jakubowitz Law said it sued Boston Beer Co. alleging it made materially false and/or misleading statements and/or failed to disclose that: (1) Boston Beer’s hard seltzer sales were decelerating; (2) as a result, Boston Beer was reasonably likely to incur … Continue reading →

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Law Firm Readies Class Action Suit Against Boston Beer

Posted on September 20, 2021 by Joel Whitaker

Pomerantz LLP, a New York law firm that pioneered securities class actions, said it is “investigating” whether “Boston Beer and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”  Pomerantz invited investors to … Continue reading →

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Boston Beer Expects to Write Off Some Hard Seltzer Inventory

Posted on September 9, 2021 by Joel Whitaker

Boston Beer Co. withdrew if 2021 financial guidance and said it expects to incure hard seltzer-related inventory writeoffs, shortfall fees paid to third party brewers and other costs related to decelerating demand for hard seltzer. The company said demand for … Continue reading →

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Boston Beer Launches New “Bevy Long Drink”

Posted on September 9, 2021 by Joel Whitaker

Bevy Long Drink will debt in early November, in 6-packs and 12-packs (12oz cans) and single-serve 24oz cans.  It.is inspired by the national cocktail of Finland, the “Long Drink.”  Bevy Long Drink will hit shelves in early November in two … Continue reading →

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Beam Suntory, Boston Beer Partner to Expand RTD Reach

Posted on July 15, 2021 by Joel Whitaker

Beam Suntory and Boston Beer Co. said they formed a long-term, strategic partnership to extend select iconic brands into some of the fastest-growing beverage alcohol segments. As part of this partnership, the company plans to expand Truly Hard Seltzer, the fastest … Continue reading →

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Boston Beer Net Rose 259.6% in Quarter as Revenue Soared

Posted on April 26, 2021 by Joel Whitaker

Boston Beer Co., Inc. reports first quarter 2021 net revenue of $545.1 million, an increase of $214.5 million or 64.9% from the same period last year, mainly due to an increase in shipments of 60.1%. Net income for the first … Continue reading →

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