Boston Beer reports Q1 EPS $2.16, consensus 69c

Reports Q1 net revenue $453.9M, consensus $435.25M. Depletions decreased 1% and shipments increased 5.3%. “Our business remained resilient despite subdued category trends,” said Chairman and Founder Jim Koch. “While the external environment remains dynamic, we have a diversified portfolio of iconic brands, strong innovation pipeline and the best sales force in beer. Our strong balance sheet fuels our 2025 incremental brand investments and enables us to return cash to shareholders with $61 million repurchased year to date.”