Boston Beer stock falls as CFO Reynoso to depart

U.S. stocks rose Friday, with the S&P 500 up 0.3%, Dow up 0.6%, and Nasdaq up 0.2%. Ross Stores gained 4.1% after reporting better-than-expected earnings. Bond yields stabilized, with the 10-year Treasury yield at 4.72%. Bitcoin climbed above $77,000, boosting crypto-related stocks like Robinhood and Coinbase. Oil prices fluctuated due to Middle East tensions. Gold prices rose to $4,640 per ounce, benefiting miners like Newmont and Freeport-McMoRan. OSI Systems fell 9.3% on weak earnings, and Bo

Boston Beer (SAM) stock fell 4% after announcing CFO Diego Reynoso's departure. Matt Murphy will serve as interim CFO. The company faces leadership changes, freight cost inflation, and declining sales. Q2 revenue dropped 3.3% YoY, missing EPS estimates. The stock is down from its 52-week high of $264.46.

Boston Beer (NYSE:SAM) reported Q2 results on July 23. GAAP diluted EPS was $4.96 vs $4.83 consensus, aided by gross margin expansion to 50.4% and a $1.31 after-tax supplier litigation adjustment. Net revenue was about $568.3 million (-3.3% YoY). Depletions fell 6% and shipments fell 4.5%. Full-year non-GAAP EPS guidance stayed at $8.50-$10.50; Roth cut its price target to $295 and Deutsche Bank to $176.

Boston Beer (SAM) reported a 6% Q2 2026 depletion decline tied to a softer beer market, with May weak and June improving on major events. Gross margin rose to 50.4% on production efficiencies. Twisted Tea 12-packs faced volume headwinds from reduced FMB display activity. Full-year volume guidance remains down low-to-mid single digits; freight, tariffs, and a $20M ad cut were discussed.

Royal Bank of Canada cut its Boston Beer (NYSE:SAM) price target to $210 from $234 and kept a “sector perform” rating, citing an 18.07% implied upside. Other analysts also lowered targets. The article notes SAM shares at $177.86 and Q2 results: EPS $3.65 vs estimates near $4.83, revenue $568.34M, and FY2026 guidance of 8.5 to 10.5 EPS.

Boston Beer (NYSE: SAM) reported Q2 CY2026 revenue of $568.3 million, down 3.3% year over year and slightly below analyst estimates of about $570 million. Non-GAAP EPS was $3.65, 24.4% below consensus. Management reiterated full-year Adjusted EPS guidance of $9.50 midpoint, citing SunCruiser and Angry Orchard growth offset by Twisted Tea and Truly headwinds.