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Boston Beer sees FY25 GAAP EPS $8.00-$10.50, consensus $9.80

Exclusive of the estimated impact of tariffs, the company is reiterating its full year financial guidance communicated in its February 25, 2025 Earnings Release. The company’s projections in the table below do not include any impact from tariffs. Based on the information currently available and tariff programs announced to date, the company estimates tariffs will have an unfavorable cost impact for the full year 2025 of approximately $20M-$30M or $1.25 to $1.90 earnings per diluted share. These estimates include an unfavorable gross margin impact of between 50 to 100 basis points.

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