Strong Margin Expansion
Boston Beer Company achieved a gross margin of 50.8% in Q3, the highest since 2018, driven by procurement savings, improved brewery efficiencies, and product mix.
Sun Cruiser Performance
Sun Cruiser has quickly grown to become the fourth largest brand in the RTD spirits category with significant distribution expansion and high velocities.
Operating Cash Flow and Share Repurchase
The company generated over $230 million in operating cash flow in the first 9 months, enabling $160 million in share repurchases year-to-date.
Improved Internal Production
In Q3, 90% of domestic volume was produced internally, up from 66% in the same quarter last year, contributing to improved margins.