Gross Margin Expansion
The company achieved 200 basis points of gross margin expansion in 2024, reaching 44.4% excluding contractual prepayments and shortfall fees, indicating improved operational efficiency.
EPS Growth
Non-GAAP EPS grew by 31% year-over-year, supported by improved operational performance and share repurchasing activities.
Twisted Tea Market Share
Twisted Tea continues to grow its share in the FMBs and total beer market, remaining the leader in the hard tea category with an 84% market share.
Sun Cruiser Expansion
Sun Cruiser, a vodka iced tea, performed well in initial markets and is set for national expansion, with expectations to triple its points of distribution by mid-2025.
Share Repurchase Program
The company repurchased $268 million in shares from January 2024 to February 2025, indicating strong cash flow management and shareholder return focus.